December 30, 2018 / 3:16 PM / 18 days ago

Egypt expecting 5th tranche of IMF loan in January - presidency

CAIRO, Dec 30 (Reuters) - Egypt is expecting to receive the fifth installment of its three-year IMF loan programme, worth $2 billion, in January 2019, the presidency said in a statement on Sunday.

The International Monetary Fund offered the $12 billion loan programme in 2016 when Egypt agreed to a package of reforms including the devaluation of the pound, cuts to energy subsidies and implementation of a value-added tax. (Reporting by Aidan Lewis; editing by David Stamp)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below