Egypt to receive next IMF loan disbursal in December: minister

CAIRO - 22 Nov 2017: Egypt is set to receive its next International Monetary Fund loan disbursal in December, Finance Minister Amr El Garhy said on Wednesday, a $2 billion payment that is part of a three-year $12 billion loan agreement.

The payment will bring total disbursements under the programme to about $6 billion. Egypt last year agreed to ambitious economic reforms as part of the loan deal.