IMF okays 5th tranche of $12b loan to Egypt

The International Monetary Fund (IMF) agreed on Monday 4/2/2019 to give Egypt the 5th tranche of its $12 billion loan, Minister of Finance Mohamed Maait said.

Egypt is due to receive the $2-billion tranche within a few days, Maait said in a press statement.

The approval reflects the IMF’s recognition of the success of Egypt’s economic reform program, he added.

Source: State Information Service Egypt