Egypt to get dlrs 2 billion from IMF
Egypt's President Abdel Fattah El Sisi
Washington - Egypt Today
Egypt will get two billion dollars from the International Monetary Fund (IMF) after every review of its economic program that has been in place since 2016.
Speaking to reporters, the IMF officials said the executive board approved on Wednesday a $2 billion tranche of Egypt’s $12 billion loan after completing the second review of Egypt’s economic reform program supported by an arrangement under the Extended Fund Facility (EFF).
The sum brings total disbursements under the program to date to about 6 billion dollars.
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