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Egypt expects to receive a third loan disbursal worth $2 billion from the International Monetary Fund between December and January following a next review between November and December, the country’s Finance Minister Amr el-Garhy told Reuters on Monday.
Last week, the IMF approved a second loan instalment worth $1.25 billion.
Egypt agreed to a three-year, $12 billion IMF loan programme in November that is tied to ambitious economic reforms such as subsidy cuts and tax hikes.
Source: Reuters
