Last Update 18:58
Sunday, 24 September 2017

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

Reuters , Monday 17 Jul 2017
Amr El-Garhy
File Photo: Egypt's Finance Minister Amr El-Garhy attends a news conference in Cairo, Egypt (Photo: Reuters)
Share/Bookmark
Views: 1471
Share/Bookmark
Views: 1471

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.

Short link:

 

Email
 
Name
 
Comment's
Title
 
Comment
Ahram Online welcomes readers' comments on all issues covered by the site, along with any criticisms and/or corrections. Readers are asked to limit their feedback to a maximum of 1000 characters (roughly 200 words). All comments/criticisms will, however, be subject to the following code
  • We will not publish comments which contain rude or abusive language, libelous statements, slander and personal attacks against any person/s.
  • We will not publish comments which contain racist remarks or any kind of racial or religious incitement against any group of people, in Egypt or outside it.
  • We welcome criticism of our reports and articles but we will not publish personal attacks, slander or fabrications directed against our reporters and contributing writers.
  • We reserve the right to correct, when at all possible, obvious errors in spelling and grammar. However, due to time and staffing constraints such corrections will not be made across the board or on a regular basis.
Latest

© 2010 Ahram Online.