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[size=30]International Monetary Fund gives its fourth loan to revive the Egyptian economy[/size]
24/12/2017 11:59 | Number of readings: 1
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Trend Press / Agencies
Egypt will receive the fourth tranche of the International Monetary Fund's $ 1 billion loan in June or July 2018, Egypt's Deputy Finance Minister Ahmed Kogak said Sunday.
"A delegation from the IMF will visit Egypt next May to conduct a new review of the economic reform program, and the total amount that Egypt will receive from the fund will reach $ 8 billion," Kogak told the media.
Last week, the International Monetary Fund approved the third tranche of the loan, worth $ 1 billion. "
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