{"id":564168,"date":"2021-08-15T13:49:37","date_gmt":"2021-08-15T13:49:37","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/08\/15\/egypt-receives-second-tranche-of-usd-639-mn-loan-from-arab-monetary-fund\/"},"modified":"2021-08-15T13:49:37","modified_gmt":"2021-08-15T13:49:37","slug":"egypt-receives-second-tranche-of-usd-639-mn-loan-from-arab-monetary-fund","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/08\/15\/egypt-receives-second-tranche-of-usd-639-mn-loan-from-arab-monetary-fund\/","title":{"rendered":"Egypt receives second tranche of USD 639 mn loan from Arab Monetary Fund"},"content":{"rendered":"

<\/a> Egypt has unlocked the second tranche of a USD 639 mn loan from the Arab <\/strong>Monetary Fund (AMF)<\/strong> approved in July 2020<\/a> to help the country improve its fiscal position. The regional lender disbursed the second, USD 282 mn payment last week to support the country\u2019s ongoing economic and financial reforms, it said in a statement<\/a> on Thursday<\/p>\n

The loan comes under the AMF\u2019s Structural Adjustment Facility<\/strong>, which allocates money to Arab countries that are carrying out structural reforms or are facing liquidity issues due to the pandemic.<\/p>\n

There may be more where that came from:<\/strong> Another loan to Egypt may be approved soon, according to the AMF, which said that procedures for granting the new facility \u201cwill be completed shortly.\u201d It is unclear whether the new loan would be disbursed under the Structural Adjustment Facility, with the statement only saying that the money would be used to \u201csupport [Egypt\u2019s] financial position.\u201d<\/p>\n

Egypt has also turned to the IMF for support through the pandemic:<\/strong> The IMF has lent Egypt another USD 8 bn<\/a> to help cover a balance of payments shortfall and mitigate the impact of the pandemic on its budget deficit,<\/p>\n

The last time the AMF extended a loan to Egypt was back in 2015<\/strong>, when it lent<\/a> the country some USD 339 mn. Including the most recent facility, the AMF has provided Egypt with a total of 14 loans worth an estimated USD 2.24 bn.<\/p>\n","protected":false},"excerpt":{"rendered":"

Egypt has unlocked the second tranche of a USD 639 mn loan from the Arab Monetary Fund (AMF) approved in July 2020 to help the country improve its fiscal position. The regional lender disbursed the second, USD 282 mn payment last week to support the country\u2019s ongoing economic and financial reforms, it said in a […]<\/p>\n","protected":false},"author":1,"featured_media":564169,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[10034],"tags":[107,7106,104,633],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-564168","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-speed-round-economy","tag-covid-19","tag-debt","tag-economy","tag-enterprisepm","wpautop","entry"],"acf":{"mongo_id":"5652fd0f-e484-4a11-b3ed-03133bd45a58","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/8\/424.jpg","photo_position":"above","related_issue":[564164],"teaser":"","voice_url":""},"yoast_head":"\nEgypt receives second tranche of USD 639 mn loan from Arab Monetary Fund - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/15\/egypt-receives-second-tranche-of-usd-639-mn-loan-from-arab-monetary-fund\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt receives second tranche of USD 639 mn loan from Arab Monetary Fund\" \/>\n<meta property=\"og:description\" content=\"Egypt has unlocked the second tranche of a USD 639 mn loan from the Arab Monetary Fund (AMF) approved in July 2020 to help the country improve its fiscal position. The regional lender disbursed the second, USD 282 mn payment last week to support the country\u2019s ongoing economic and financial reforms, it said in a […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/15\/egypt-receives-second-tranche-of-usd-639-mn-loan-from-arab-monetary-fund\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2021-08-15T13:49:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/424.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/15\/egypt-receives-second-tranche-of-usd-639-mn-loan-from-arab-monetary-fund\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/15\/egypt-receives-second-tranche-of-usd-639-mn-loan-from-arab-monetary-fund\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Egypt receives second tranche of USD 639 mn loan from Arab Monetary Fund\",\"datePublished\":\"2021-08-15T13:49:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/15\/egypt-receives-second-tranche-of-usd-639-mn-loan-from-arab-monetary-fund\/\"},\"wordCount\":244,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/15\/egypt-receives-second-tranche-of-usd-639-mn-loan-from-arab-monetary-fund\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/424.jpg?fit=%2C&ssl=1\",\"keywords\":[\"covid-19\",\"debt\",\"economy\",\"EnterprisePM\"],\"articleSection\":[\"SPEED ROUND: ECONOMY\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/15\/egypt-receives-second-tranche-of-usd-639-mn-loan-from-arab-monetary-fund\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/15\/egypt-receives-second-tranche-of-usd-639-mn-loan-from-arab-monetary-fund\/\",\"name\":\"Egypt receives second tranche of USD 639 mn loan from Arab Monetary Fund - 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