Egypt to receive third installment of IMF loan by January

Egypt expects to receive the third installment of the IMF loan between December and January following the next review by the international institution, which is scheduled to take place between November and December, Finance Minister Amr El Garhy told Reuters. The third installment will be equivalent to USD 2 bn. The IMF’s executive board approved last week the release of the second installment, worth USD 1.25 bn.