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Fourth tranche of IMF loan to cover budget deficit
The Egyptian Gazette Published in The Egyptian Gazette on 05 - 07 - 2018

CAIRO, June 5, 2018 (MENA) - The deputy finance minister for financial policies, Ahmed Kouchouk, said the fourth tranche of the International Monetary Fund (IMF) loan to Egypt will cover the state budget deficit.
Egypt received on Friday the fourth tranche valued $2 billion out of a total $12 billion loan.
In November 2016, the IMF and Egypt reached an agreement on the three-year loan under which Egypt gets $4 billion annually.

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