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Egypt to receive $4bn loan from IMF in 2017 - Minister

Egypt to receive $4bn loan from IMF in 2017 - Minister
Egypt’s minister of finance, Amr El-Garhy

By: Ahmed Allam

Cairo – Mubasher: Egypt’s minister of finance, Amr El-Garhy, on Monday said that Egypt is expected to receive a loan of about $4 billion from the International Monetary Fund (IMF) during 2017.

The minister noted, on the sidelines of the Euromoney Conference, that receiving this tranche is bound by the IMF delegation’s periodic review, which is scheduled for November.

 

Translated by: Mai Ezz El-Din