Britain's Hammond says optimistic will find common ground with Labour    Turkey orders detention of 210 military personnel over links to Gulen    Sri Lankan police hunt 140 people believed linked to Islamic State after Easter bombings    Manchester City's Sterling honoured with award for fighting racism    Man City competing like 'animals' to win title - Fernandinho    Tennis: Nadal shines in comfortable victory over Ferrer in Barcelona    Trump's ‘peace plan' in Middle East to be unveiled in June    Kim Jong Un to meet Putin in Russia    EGP 1.852tn balance of local T-Bills, T-Bonds by end-March    AOI will complete launch of two solar plants in Eritrea next October    NTPC to invest in solar energy in Egypt    For First Time in Egypt: Uber launches UberBlack in El Gouna    No Egyptians to travel for Umrah without Ministry of Tourism approval: Supreme Committee for Hajj, Umrah    The widespread impact of domestic violence    Ancient Egyptian tomb filled with mummies unearthed in Aswan    Indian embassy, Social Solidarity Ministry launch new initiative in Assuit    Once upon a time in Eden features Anubis in batman suit    Egypt renews state of emergency for three months: Official gazette    Egyptians binging on holiday    In pursuit of stability    Sliced twice    Egyptian triple    Staged in Cairo    Partial sale of Banque du Caire    Steel troubles    Understanding Sudan    Democrat divisions over Mueller report    Primary healthcare for all    Avengers: Endgame    After the Sri Lanka bombings    The return of the vice president    Expat voices heard    Al-Qawmi Theatre's new production Yaaish Ahl Baladi is a must go    Celebrating World Heritage    Don't miss "The Sum of All Parts" exhibition at UBUNTU gallery    Egypt's constitutional amendments approved: What's next?    Centamin reports better-than-expected Q1 gold output    Egypt's state employees to be assessed ahead of transfer to New Administrative Capital    Egypt to set up 4 medical centers in Africa: Minister    Republished: Good morning, Sinai: A look at the headlines when Israel withdrew in 1982    Egypt's bourse recovers, gains EGP 3.8 billion    Egyptian voters back constitutional amendments    Elders, campaigners dominate scene in Kerdasa polling stations    250 archaeological missions from 25 countries work in Egypt: Minister    Bundesliga: Bayern Munich turn the screw in a reminder of champions past    Trade exchange between Egypt, Tunisia to increase to $500m    Cairo Copts celebrate Palm Sunday    Vatican willing to offer technical know-how to help restore Notre-Dame    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.





Egypt expects 5th tranche of IMF loan in January/early February
Published in Ahram Online on 22 - 01 - 2019

Egypt expects to receive the fifth tranche of its $12 billion loan from the International Monetary Fund (IMF) in late January or very early February, Governor of the Central Bank of Egypt (CBE) Tarek Amer told Bloomberg Tuesday.
The $2-billion installment had been due in December.
"We're agreed on everything, agreed with the mission on Egypt's performance during this phase," Amer said, adding that reforms had become part of the culture. "The reform program is on schedule and we are committed to completing it successfully."
"We are committed to ensuring that the market is free and clears itself, but at the same time we have reserves that help us to confront any speculators or disorderly market practices. We are committed to ensuring that the holders of Egyptian debt always make better return," he said.
"The reserves help us to defend the new foreign exchange regime, and the interest rate can be used as a tool."
Egypt's foreign exchange reserves recovered from about $15 billion before the devaluation to an all-time high above $44.5 billion in November.


Clic here to read the story from its source.