09:46 - 11/07/2017
Finance Minister Amr Garhi, that his country expects to receive the second installment of the IMF loan during the next week.
The minister said during a phone call with a television program aired by local CBC channel, that "Egypt is preparing for the second installment of the IMF loan during the next week."
The IMF agreed on a program for a period of three years, with Egypt in November last year and released the first payment of $ 2.75 billion loan from a total value of $ 12 billion, it aims to give a boost to the economy.
The second installment of the loan fund of about $ 1.25 billion.
And implement the Government of Egypt's economic reforms since the end of 2015 in an effort to revive the economy and bring it back to the path of growth included increased energy, medicine, and exchange rate liberalization and the adoption of new investment laws and amendments to the prices on the adoption of value-added tax law and approval in principle to the bankruptcy law the Income Tax Act. It ended 25