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Monday, 11 December 2017

Egypt expects next IMF loan disbursal in third week of Dec -minister

Reuters , Tuesday 5 Dec 2017
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Egypt is set to receive its next International Monetary Fund loan disbursal in the third week of December, Finance Minister Amr El Garhy said on Tuesday, 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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