Egypt to receive the fifth tranche of IMF facility this month

Egypt to receive the fifth tranche of IMF facility this month: The country will receive the next USD 2 bn tranche of the IMF’s extended fund facility this month, Ittihadiya said in a statement quoting Central Bank of Egypt Governor Tarek Amer’s note to President Abdel Fattah El Sisi. The tranche was expected by the end of December, and its delay came amid rumors the government was pushing back on the timeline for a requirement that it further liberalize fuel prices, a key condition of the IMF reform program.