WASHINGTON - International Monetary Fund Managing Director Christine Lagarde said on Friday that she will recommend that the Fund's executive board approve a fourth review of Egypt's $12 billion loan program, a move expected to unlock a $2 billion disbursement.

Lagarde said in a statement that the board will meet in coming weeks to discuss the review. She commended Egyptian authorities for reforms that have put the country's budget deficit on a declining trajectory, and that have helped to reduce its unemployment rate to 10 percent, the lowest since 2011.

(Reporting by David Lawder Editing by Chizu Nomiyama) ((David.Lawder@tr.com; +1 202 354 5854; Reuters Messaging: david.lawder.thomsonreuters.com@reuters.net))