Egypt expects next IMF loan disbursal in third week of Dec -minister

The payment will bring total disbursements under the programme to about $6bln

  
International Monetary Fund (IMF) logo is seen at the IMF headquarters building during the IMF/World Bank annual meetings in Washington, U.S., October 14, 2017.

International Monetary Fund (IMF) logo is seen at the IMF headquarters building during the IMF/World Bank annual meetings in Washington, U.S., October 14, 2017.

REUTERS/Yuri Gripas
CAIRO  - Egypt is set to receive its next International Monetary Fund loan disbursal in the third week of December, Finance Minister Amr El Garhy said on Tuesday, 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 Ehab Farouk and Nadine Awadallah; Writing by John Davison; Editing by Catherine Evans) ((mailto:John.Davison@thomsonreuters.com;))

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