Government expects next tranche of the IMF loan next month -Sherif Ismail

The Ismail government expects to receive the second tranche of the IMF’s USD 12 bnextended fund facility next month, Prime Minister Sherif Ismail told the press yesterday, Youm7 reports. Finance Minister Amr El Garhy had said earlier this week that we should expect to hear from the IMF’s executive board in a few weeks’ time on the matter. (As of this morning, Egypt isn’t on the publicly disclosed schedule, which currently runs through 30 June.) A delegation from the fund reached a staff-level agreement with the government last month to disburse the second USD 1.25 bn tranche after giving the country’s economic reform program a clean bill of health.