{"id":605177,"date":"2018-12-24T04:34:13","date_gmt":"2018-12-24T04:34:13","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/24\/egypt-is-not-receiving-fifth-imf-tranche-this-month-but-reforms-arent-delayed\/"},"modified":"2018-12-24T04:34:13","modified_gmt":"2018-12-24T04:34:13","slug":"egypt-is-not-receiving-fifth-imf-tranche-this-month-but-reforms-arent-delayed","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/24\/egypt-is-not-receiving-fifth-imf-tranche-this-month-but-reforms-arent-delayed\/","title":{"rendered":"Egypt is not receiving fifth IMF tranche this month, but reforms aren\u2019t delayed"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-02\"><\/a> <b>EXCLUSIVE- Egypt won\u2019t be receiving the fifth tranche of its IMF facility this month \u2014 but reforms aren\u2019t being delayed, either:<\/b> 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 <a href=\"https:\/\/enterprise.press\/stories\/2018\/12\/23\/is-egypt-trying-to-push-the-imfs-timeline-for-the-next-round-of-reforms\/\">report in the domestic press<\/a> over the weekend that Cabinet is looking to get some breathing room on the implementation of select reforms. According to our source, the government is planning to push ahead with all measures as previously announced. This includes the lifting of fuel subsidies in June 2019, particularly since global oil prices have declined significantly and are not expected to spike again in the coming months. Most forecasts we\u2019ve seen suggest average oil prices will settle <a href=\"https:\/\/www.marketwatch.com\/story\/oversold-oil-market-will-give-way-to-gains-in-2019-experts-predict-2018-12-20\">somewhere south of USD 70 next year<\/a>.<\/p>\n<p><b>So why hasn\u2019t the IMF disbursed the fifth tranche of its facility?<\/b> The IMF is currently coordinating with the Finance Ministry to verify its figures on the state\u2019s budget deficit projections, particularly in light of the state privatization program being put on ice, our source says. Also under review is the ministry\u2019s debt control strategy, which is expected to officially see the light at the end of this month. The IMF should have all the necessary information by the end of the week, and the fifth USD 2 bn tranche of the USD 12 bn extended fund facility should be disbursed by mid-January.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 domestic press over the weekend [&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":[7106,2415,72,272,2380,587],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-605177","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-debt","tag-economic-reform-program","tag-enterpriseam","tag-imf","tag-speed-round","tag-state-privatization-program","wpautop","entry"],"acf":{"mongo_id":"3f95190d-c5a4-43f8-90b2-f37c82fe1d44","order":"0","is_powered_by":true,"section_story_id":"7c83ee35-3833-499c-805a-dfdd1ecbcc19","story_type":"1","photo_url":"","photo_position":"above","related_issue":[605171],"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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Cabinet is reportedly looking to divorce the disbursal\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":599518,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/02\/egypt-to-receive-the-fifth-tranche-of-imf-facility-this-month\/","url_meta":{"origin":605177,"position":2},"title":"Egypt to receive the fifth tranche of IMF facility this month","author":"enterpriseam admin","date":"2 January 2019","format":false,"excerpt":"Egypt to receive the fifth tranche of IMF facility this month: The country will receive the next USD 2 bn tranche of the IMF\u2019s extended fund facility this month, Ittihadiya said in a statement quoting Central Bank of Egypt Governor Tarek Amer\u2019s note to President Abdel Fattah El Sisi. 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":600630,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/05\/the-long-awaited-fifth-tranche-of-egypts-imf-loan-is-on-its-way-finally\/","url_meta":{"origin":605177,"position":3},"title":"The long-awaited fifth tranche of Egypt\u2019s IMF loan is on its way, finally","author":"enterpriseam admin","date":"5 February 2019","format":false,"excerpt":"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\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":597399,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/25\/egypt-will-be-getting-the-final-tranche-of-the-usd-12-bn-imf-facility-soon\/","url_meta":{"origin":605177,"position":4},"title":"Egypt will be getting the final tranche of the USD 12 bn IMF facility soon","author":"enterpriseam admin","date":"25 July 2019","format":false,"excerpt":"IMF signs off on final USD 2 bn tranche disbursal: The IMF\u2019s Executive Board approved yesterday disbursing the final USD 2 bn tranche of the institution\u2019s USD 12 bn facility to Egypt, after completing its fifth and final review of the country\u2019s economic reform program, the institution said in a\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\/2020\/10\/153.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":647188,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/04\/imf-review-going-well-egypt-on-track-to-receive-second-tranche-of-usd-12-bn-facility-el-garhy\/","url_meta":{"origin":605177,"position":5},"title":"IMF review \u201cgoing well,\u201d Egypt on track to receive second tranche of USD 12 bn facility -El Garhy","author":"enterpriseam admin","date":"4 May 2017","format":false,"excerpt":"Cabinet\u2019s progress on the economic reforms it promised as a condition of the USD 12 bn IMF bailout is so far in line with the fund\u2019s expectations, Finance Minister Amr El Garhy told the press yesterday. 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