{"id":600630,"date":"2019-02-05T04:35:05","date_gmt":"2019-02-05T04:35:05","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/05\/the-long-awaited-fifth-tranche-of-egypts-imf-loan-is-on-its-way-finally\/"},"modified":"2019-02-05T04:35:05","modified_gmt":"2019-02-05T04:35:05","slug":"the-long-awaited-fifth-tranche-of-egypts-imf-loan-is-on-its-way-finally","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/05\/the-long-awaited-fifth-tranche-of-egypts-imf-loan-is-on-its-way-finally\/","title":{"rendered":"The long-awaited fifth tranche of Egypt\u2019s IMF loan is on its way, finally"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a> <b>Egypt will get the fifth tranche of its USD 12 bn IMF facility any day now:<\/b> The International Monetary Fund\u2019s executive board has signed off on the institution\u2019s fourth review of Egypt\u2019s economic reform program, giving the green light to the disbursal of the fifth USD 2 bn tranche of the USD 12 bn Extended Fund Facility,<a href=\"http:\/\/enterprise.press\/wp-content\/uploads\/2019\/02\/Untitled-document.pdf\">the IMF said in a statement<\/a>. The tranche, which <a href=\"http:\/\/enterprise.press\/wp-content\/uploads\/2019\/02\/Untitled-document-1.pdf\">the Finance Ministry said<\/a> will arrive \u201cwithin the coming days,\u201d will bring the total Egypt has received to USD 10 bn.<\/p>\n<p><b>Background: <\/b>The IMF\u2019s approval came a little over a week after IMF Managing Director Christine Lagarde <a href=\"https:\/\/enterprise.press\/stories\/2019\/01\/27\/egypt-on-imf-boards-agenda-in-coming-weeks-lagarde-says\/\">sang our praises<\/a>, but the decision was reportedly <a href=\"https:\/\/enterprise.press\/stories\/2018\/12\/26\/release-of-imf-funding-held-up-over-oil-pricing-mechanism-cost-of-insuring-egyptian-debt-inches-up\/\">delayed<\/a> amid concerns from the IMF on how Egypt would implement a new fuel pricing strategy. The government <a href=\"https:\/\/enterprise.press\/stories\/2019\/01\/08\/govt-to-implement-fuel-pricing-mechanism-on-95-octane-gasoline-in-2q2019\/\">announced last month<\/a> it would bring the mechanism into effect in April. The mechanism will first apply to 95 Octane fuel and then be rolled out to other, more popular grades. The formula will see prices fluctuate within 10% of international averages.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Egypt will get the fifth tranche of its USD 12 bn IMF facility any day now: The International Monetary Fund\u2019s executive board has signed off on the institution\u2019s fourth review of Egypt\u2019s economic reform program, giving the green light to the disbursal of the fifth USD 2 bn tranche of the USD 12 bn Extended [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"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":[8572],"tags":[7106,72,272,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-600630","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-debt","tag-enterpriseam","tag-imf","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"85d4c021-7af0-4675-ade4-f8b889742369","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[600625],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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An IMF delegation is scheduled to visit in November to conduct a fourth review of the economic reform agenda ahead\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":621201,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/01\/egypt-reaches-staff-level-agreement-with-imf-on-fifth-tranche-of-usd-12-bn-facility\/","url_meta":{"origin":600630,"position":2},"title":"Egypt reaches staff-level agreement with IMF on fifth tranche of USD 12 bn facility","author":"enterpriseam admin","date":"1 November 2018","format":false,"excerpt":"** #4 Egypt reaches staff-level agreement with IMF on fifth loan tranche: Egypt reached a staff-level agreement with the IMF yesterday on the fifth USD 2 bn tranche of its USD 12 bn extended fund facility after a delegation led by Egypt Mission Chief Subir Lall completed its fourth review\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":605177,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/24\/egypt-is-not-receiving-fifth-imf-tranche-this-month-but-reforms-arent-delayed\/","url_meta":{"origin":600630,"position":3},"title":"Egypt is not receiving fifth IMF tranche this month, but reforms aren\u2019t delayed","author":"enterpriseam admin","date":"24 December 2018","format":false,"excerpt":"EXCLUSIVE- Egypt won\u2019t be receiving the fifth tranche of its IMF facility this month \u2014 but reforms aren\u2019t being delayed, either: The Madbouly government is not in talks with the IMF to delay any part of its reform agenda, a senior government official tells Enterprise, denying a report in the\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":598213,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/19\/egypt-imf-reach-staff-level-agreement-to-unlock-final-tranche-of-usd-12-bn-facility\/","url_meta":{"origin":600630,"position":4},"title":"Egypt, IMF reach staff-level agreement to unlock final tranche of USD 12 bn facility","author":"enterpriseam admin","date":"19 May 2019","format":false,"excerpt":"Egypt, IMF reach staff-level agreement to unlock final tranche of USD 12 bn facility: Egypt has reached a staff-level agreement with the IMF over the disbursement of the sixth and final USD 2 bn tranche of its USD 12 bn extended fund facility, according to a statement issued by the\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":647801,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/21\/imf-to-disburse-next-eff-tranche-to-egypt-by-mid-june\/","url_meta":{"origin":600630,"position":5},"title":"IMF to disburse next EFF tranche to Egypt by mid-June?","author":"enterpriseam admin","date":"21 May 2017","format":false,"excerpt":"The IMF\u2019s Executive Board is expected review before mid-June its staff-levelagreement with Egypt on the next USD 1.25 bn tranche of Egypt\u2019s USD 12 bn extended fund facility, Finance Ministry officials tell Al Borsa. 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