The IMF may disburse the third USD 2 bn tranche of Egypt’s USD 12 bn Extended Fund Facility as late as January, an unidentified government source tells Al Shorouk. Finance Minister Amr El Garhy had previously said that the disbursal is expected before the end of December. The IMF’s Executive Board will meet on 20 December to review progress on Egypt’s economic reform program ahead of voting to disburse the third tranche.

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