IMF to disburse next EFF tranche to Egypt by mid-June?

The IMF’s Executive Board is expected review before mid-June its staff-levelagreement with Egypt on the next USD 1.25 bn tranche of Egypt’s USD 12 bn extended fund facility, Finance Ministry officials tell Al Borsa. IMF Egypt Mission Chief Chris Jarvis had said last week that the board would meet sometime in the coming few weeks to review and vote on the staff-level agreement to disburse the second tranche of Egypt’s USD 12 bn extended fund facility, but the Fund has yet to officially disclose the time and date. Finance Minister Amr El Garhy expects the amount to be disbursed by the end of June.