Egypt to Receive IMF Loan Tranche in December
Egypt I believed to receive a new tranche of the $2 billion International Monetary Fund (IMF) loan during the 3rd week of December 2017, Egyptian Minister of Finance.
Egypt I believed to receive a new tranche of the $2 billion International Monetary Fund (IMF) loan during the 3rd week of December 2017, Egyptian Minister of Finance.
Egypt is experiencing broad economic growth despite high inflation.
The International Monetary Fund (IMF) has begun its second periodic review of Egypt’s economic-reform program prior to the release of the next installment of its loan package to the country.
Egypt will receive the third tranche of its $12 billion loan from the International Monetary Fund (IMF) after the visit by the IMF delegation next month.
Egyptian authorities will determine the date of future fuel-subsidy cuts, according to the Director of the Middle East and Central Asia Department at the International Monetary Fund (IMF).
The International Monetary Fund (IMF) projects that Egypt’s economy will grow by 4.5% in fiscal year (FY) 2017/2018.
The government has no plans to cut fuel subsidies during fiscal year (FY) 2017/2018.
The International Monetary Fund (IMF) expects to release the third tranche of its $12 billion loan to Egypt after the completion of a second review of Egypt’s compliance with the loan agreement later this year.
Egypt has made a “strong start” on its reform program, but high inflation threatens macroeconomic stability.