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Egypt Expects Third IMF Loan Disbursal of $2 Bln between December and January
Source: www.export-egypt.com 7/17/2017

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

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.



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