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IMF approves disbursement of $2bn third portion of loan to Egypt - Daily News Egypt

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IMF approves disbursement of $2bn third portion of loan to Egypt

The executive board of the International Monetary Fund (IMF) announced Wednesday its completion of the second review of Egypt’s economic reform programme, allowing the disbursement of $2bn, the third portion of the $12bn IMF loan to Egypt approved in November. The third portion brings the total disbursements to about $6.08bn. The IMF delegation completed their …


The executive board of the International Monetary Fund (IMF) announced Wednesday its completion of the second review of Egypt’s economic reform programme, allowing the disbursement of $2bn, the third portion of the $12bn IMF loan to Egypt approved in November.

The third portion brings the total disbursements to about $6.08bn. The IMF delegation completed their visit to Egypt in November, when IMF Mission Chief for Egypt Subir Lall reaffirmed the IMF’s backing of the reforms implemented by the Egyptian authorities.

Topics: IMF Loan

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