$18B foreign investments in T-bonds until Sept.:Finance Ministry

CAIRO - 3 October 2017: The volume of foreign investments in the Egyptian treasury bonds stood at dlrs 18 billion until the end of September, the deputy finance minister said.

In a press release on Tuesday, Ahmed Kagok said an International Monetary Fund (IMF) mission in charge of following up Egypt's economic reform program is due in Cairo by the end of October.

Kagok noted that the IMF lauded Egypt's economic reform program as the best being implemented by the fund.

The IMF has approved extending a 12-billion-dollar loan in support of the Egyptian economic reform program.

In July, the IMF approved the second tranche of the loan, worth dlrs 1.25 bn, which followed the disbursement of a dlrs 2.75 bn tranche in November 2016.

The economic reform measures are meant to encourage investments and improve Egypt's economic performance.