Reuters logo
5 months ago
Egypt expects to receive second tranche of the IMF loan in May or June-fin min
March 16, 2017 / 6:41 AM / 5 months ago

Egypt expects to receive second tranche of the IMF loan in May or June-fin min

CAIRO, March 16 (Reuters) - Egypt expects to receive the second tranche of a $12 billion International Monetary Fund loan in May or June, Finance Minister Amr El-Garhy told Reuters on Thursday.

Egypt agreed with the IMF in November on a $12 billion three-year loan programme to support government efforts to reduce its budget deficit and balance its currency market. (Reporting by Ehab Farouk; Writing by Asma Alsharif; Editing by Randy Fabi)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below