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Egypt to receive next IMF loan disbursal in December -minister
November 22, 2017 / 2:45 PM / 24 days ago

Egypt to receive next IMF loan disbursal in December -minister

CAIRO, Nov 22 (Reuters) - 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.

Reporting by Momen Abdelkhalek; Writing by Eric Knecht; Editing by Alison Williams

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