Egypt's finance minister expects disbursal of $1.6bln of IMF funding by end-December

The IMF said earlier this month it had reached a staff-level agreement with Egypt after the first review of a $5.2bln financing agreement

  
Egypt's Finance Minister Mohamed Maait gestures during a news conference in Cairo, Egypt July 17, 2019.

Egypt's Finance Minister Mohamed Maait gestures during a news conference in Cairo, Egypt July 17, 2019.

REUTERS/Amr Abdallah Dalsh

CAIRO - Egypt expects to receive a $1.6 billion disbursal from the International Monetary Fund by end-December, Finance Minister Mohamed Maiit said on Monday.

The IMF said earlier this month it had reached a staff-level agreement with Egypt after the first review of a $5.2 billion financing agreement.

(Reporting by Nadine Awadalla and Nayera Abdullah; Editing by Leslie Adler) ((Nadine.Awadalla@thomsonreuters.com;))

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