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IMF to convene in December over 2nd part of $12bn Egypt loan

The International Monetary Fund’s (IMF) board of directors is set to convene on 20 December to discuss the second portion of the $12bn loan to Egypt. An IMF mission visited Egypt from 25 October to 9 November to review Egypt’s IMF-supported economic reform programme. According to Subir Lall, IMF mission chief for Egypt, fund experts …

Ahmed Ismail

IMF, World Bank praise Egypt’s economic reform programme

The IMF and the World Bank praised Egypt’s economic reform programme on the sidelines of the annual meeting of the International Monetary Fund (IMF) and the World Bank in Washington, D.C. Meanwhile, World Bank President Jim Yong Kim said that Egypt’s economic reform programme is moving on the right track at a press conference last …

Mohamed Abdel Megeed

IMF votes on second tranche of Egypt’s loan

The International Monetary Fund’s (IMF) Executive Board plans to vote Thursday on the first review of Egypt’s economic reform programme, in which Egypt will receive $1.25bn. Egypt has received the first tranche of the loan, worth $2.75bn, in November 2016. The IMF had agreed on Egypt’s loan, worth $12bn, in 2016. The IMF delegation came …

Daily News Egypt