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Thursday, 26 November 2020

Egypt to receive next IMF loan disbursal in December: Minister

Reuters , Wednesday 22 Nov 2017
Amr El-Garhy
File Photo: Finance Minister Amr El-Garhy at a news conference in Cairo, Egypt August 11, 2016 (Photo: Reuters)
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Egypt is set to receive its next International Monetary Fund loan disbursal in December, Finance Minister Amr El Garhy said on Wednesday, a $2 billion payment that is part of a three-year $12 billion loan agreement.

The payment will bring total disbursements under the programme to about $6 billion.

Egypt last year agreed to ambitious economic reforms as part of the loan deal.

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