ICEC

Egypt to receive next IMF loan disbursal in December: minister

Egypt is set to receive its next International Monetary Fund loan disbursal in December, Finance Minister Amr El Garhy said on Wednesday, 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.

Source: Reuters

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