Egypt expects fifth tranche of IMF loan in January - Dealers Care

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Monday, 31 December 2018

Egypt expects fifth tranche of IMF loan in January

CAIRO (Reuters) - Egypt expects to receive the fifth instalment of its $12 billion IMF loan programme in January, the president's office said on Sunday. The International Monetary Fund offered the three-year loan programme in 2016 after Egypt agreed to a package of reforms including the devaluation of the pound, cuts to energy subsidies and the introduction of a value-added tax

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