July 24, 2019 / 4:55 PM / a month ago

IMF to disburse final $2 bln tranche of Egypt loan - c.bank

CAIRO, July 24 (Reuters) - The International Monetary Fund’s board voted to disburse the final $2 billion tranche of a $12 billion loan to Egypt, the Central Bank of Egypt said on Wednesday.

Egypt and the lender agreed to a reform programme in 2016. Measures introduced under the deal included a sharp devaluation of the pound, deep cuts to energy subsidies and the introduction of a value-added tax.

Reporting by Yousef Saba, Editing by William Maclean

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