We’re still waiting for word of when the IMF Executive Board plans to review and vote on the staff-level agreement that could see Egypt receive the second tranche of the USD 12 bn extended fund facility by the end of June.

The Finance Ministry will ask Prime Minister Sherif Ismail to compel all ministries and government agencies to compile reports special revenue funds under their control. The report will be presented to the House of Representatives to review,Al Borsa said on Tuesday. MPs have been wanting to draft legislation to better monitor the slush funds and connect them to state coffers.

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