Egypt’s finance minister expects disbursal of $1.6 billion of IMF funding by end-December
- Date: 01-Dec-2020
- Source: Ahram
- Sector:Financial Markets
- Country:Egypt
Egypt’s finance minister expects disbursal of $1.6 billion of IMF funding by end-December
Egypt expects to receive a $1.6 billion disbursal from the International Monetary Fund by end-December, Finance Minister Mohamed Maait said on Monday.
The IMF said earlier this month it had reached a staff-level agreement with Egypt after the first review of a $5.2 billion financing agreement.
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