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

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menna ashraf | 17 يوليو, 2017 12:36 م

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.

لمتابعة أهم وأحدث الأخبار اشترك الآن في قائمه بريد هرم مصر

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