Egypt to get $2bn from IMF December

Cairo – Egypt: The head of the International Monetary Fund (IMF) mission for Egypt Subir Lall said that Egypt should receive the third loan tranche of $2 billion by December.

The IMF’s delegation will visit Egypt prior the current year-end to review the country’s economic reform programme, Lall added in a press conference on Tuesday.

The Egyptian minister of finance Amr El-Garhy said that Egypt would get the third loan instalment of $2 billion from the IMF in December 2017.

El-Garhy forecasted Egypt to receive a $4 billion loan during the current fiscal year.

Mubasher Contribution Time: 27-Sep-2017 08:42 (GMT)
Mubasher Last Update Time: 27-Sep-2017 08:42 (GMT)