imf team in egypt to review loan installment
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice
Emiratesvoice, emirates voice
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice

IMF team in Egypt to review loan installment

Emiratesvoice, emirates voice

Emiratesvoice, emirates voice IMF team in Egypt to review loan installment

IMF team in Egypt to review loan installment
Cairo - Arab Today

A delegation from the International Monetary Fund (IMF) has arrived in Egypt to prepare for a review required before disbursing the second installment of a three-year $12-billion loan, sources at the Finance Ministry told Reuters on Tuesday.
The IMF said earlier this month that Egypt was on track to receive the second tranche, expected to be $1.25 billion, pending a visit at the end of February to review progress on its economic reform program.
The IMF originally approved the loan, intended to jumpstart an economy battered by years of turmoil that have driven away investors and tourists, in November when it released the first $2.75 billion installment.
“There are currently two delegations from the International Monetary Fund (IMF) in Egypt. The first arrived on Sunday and will stay until Feb. 9 and this is a delegation providing technical support and training in budget preparation and government programs,” one of the sources said.
“The second delegation arrived Monday and is staying two or three days to deal with procedures for the Fund’s final review before the second tranche is received,” the source added.
The reforms include a raft of measures including loosening capital controls, ending energy subsidies, reforming public enterprises and overhauling monetary policy in a bid to restore economic stability and long-term growth.

Source : Arab News

 

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

imf team in egypt to review loan installment imf team in egypt to review loan installment

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

imf team in egypt to review loan installment imf team in egypt to review loan installment

 



GMT 10:31 2014 Tuesday ,23 December

Mirages of failure: Lebanon cannot wait

GMT 16:17 2018 Thursday ,30 August

Five Saudi women pilots granted GACA licences

GMT 12:34 2017 Friday ,29 December

Egypt church attack death toll rises to 10

GMT 01:39 2017 Thursday ,12 October

“will never go back to the internal division”

GMT 10:02 2017 Thursday ,14 December

Saudi filmmakers, businessmen eye return

GMT 14:38 2016 Thursday ,15 September

Aleksander Ceferin Elected New President of UEFA

GMT 07:59 2014 Sunday ,27 July

8 killed in Afghanistan's Kandahar attack

GMT 15:53 2015 Wednesday ,26 August

Iran urges US to release 19 detainees

GMT 01:12 2012 Wednesday ,10 October

Libya consulate was invaded, torched by armed mob

GMT 20:54 2016 Sunday ,04 September

SOHR: 21 Daesh militants killed in Syria

GMT 10:18 2017 Thursday ,04 May

Emirati efforts lead to Al Sarraj-Haftar meeting
 
 Emirates Voice Facebook,emirates voice facebook  Emirates Voice Twitter,emirates voice twitter Emirates Voice Rss,emirates voice rss  Emirates Voice Youtube,emirates voice youtube  Emirates Voice Youtube,emirates voice youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

emiratesvoieen emiratesvoiceen emiratesvoiceen emiratesvoiceen
emiratesvoice emiratesvoice emiratesvoice
emiratesvoice
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
emiratesvoice, Emiratesvoice, Emiratesvoice