Egypt expects $1.2 billion IMF loan payment next week

The Executive Board of the International Monetary Fund (IMF) included Egypt on the agenda of its meeting scheduled for March 10th to disburse the fourth tranche of $1.2 billion from the loan granted to Egypt. The IMF’s Executive Board of Directors is scheduled to approve Egypt’s file during its meeting in Washington, D.C., which includes the fourth review that was recently approved at the expert level, in preparation for the disbursement of this tranche, with expectations that it will be transferred to the Central Bank of Egypt during the same month.