Cairo – Mubasher: Egypt will receive the fourth tranche of the International Monetary Fund (IMF) loan programme next July, finance minister Mohammed Maait said.
The fourth tranche will be added to the Arab nation's foreign reserves at the Central Bank of Egypt (CBE) that will provide the equivalent in the Egyptian pound, Al Masry Al Youm reported, citing the minister.
The recently formed Cabinet has not submitted any requests to the IMF regarding the extension of Egypt’s economic reform programme, set to end 2019, or obtaining another loan, according to a reliable source.
The reform programme will be subjected for two reviews scheduled in December 2018 and June 2019, a source at the IMF who declined to mention his name said.
It is worth noting that the IMF’s executive directors will vote on the third review for the Egyptian economic reform programme, upon which the North African nation will get the fourth $2 billion tranche.
