• 21:57
  • Tuesday ,18 July 2017
العربية

Egypt expects third IMF loan disbursal of $2 bln between December and January: Minister

By-Ahram

Home News

00:07

Tuesday ,18 July 2017

Egypt expects third IMF loan disbursal of $2 bln between December and January: Minister

Egypt expects to receive a third loan instalment worth $2 billion from the International Monetary Fund between December and January following a next review between November and December, Finance Minister Amr El-Garhy told Reuters on Monday.

Last week, the IMF approved a second loan instalment worth $1.25 billion.
Egypt agreed to a three-year, $12 billion IMF loan programme in November that is tied to ambitious economic reforms such as subsidy cuts and tax hikes.