Egypt to receive fifth installment of IMF loan in January: Amer

CAIRO – 22 January 2019: Egypt’s Central Bank governor, Tarek Amer, said in an interview Tuesday with Bloomberg that Egypt is due to receive fifth installment of its International Monetary Fund ( IMF) loan in late January or early February.

Egypt has received four installments ($8 billion) of its $12 billion IMF loan to adhere to an agreement signed in November 2016. “We’re agreed on everything, agreed with the mission on Egypt’s performance during this phase,” Amer told Bloomberg, adding that reforms had become part of the culture. “The reform program is on schedule and we are committed to completing it successfully.”