CAIRO May 7 Egypt expects to receive the second
instalment of its loan from the International Monetary Fund in
the second half of June, Finance Minister Amr El-Garhy said on
He told a news conference that the IMF's review of Egypt's
economic reforms was going well.
The IMF approved a $12-billion, three-year loan programme to
Egypt in November and paid out $2.75 billion of the first $4
billion tranche of the loan. An IMF team is in Cairo this week
conducting a review of Egypt's reform efforts to decide when the
next $1.25 billion will be disbursed.
(Reporting by Abdel Rahman Adel,; Writing by Lin Noueihed;
Editing by Giles Elgood)