Deputy Governor of the Central Bank of Egypt (CBE) Ramy Abul Naga said Monday Egypt is set to receive the first part of the International Monetary Fund (IMF) $5.2 billion standby loan within a few days. In statements to Al Arabiya news channel he explained that the first part of the loan is valued at $2 billion, while the remaining part will be received within one year through two $1.6 billion payments. The IMF said Friday, its executive board approved a new $5.2 billion, 12-month Stand-By Arrangement that aims to help Egypt cope with the coronavirus pandemic and plug budget and balance-of-payments shortfalls. In a statement, the IMF said the program “would also help the authorities preserve the achievements made over the past four years, support health and social spending to protect vulnerable groups, and advance a set of key structural reforms.”