{"id":621231,"date":"2018-11-04T05:08:29","date_gmt":"2018-11-04T05:08:29","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/04\/cabinet-discusses-imf-review-staff-level-agreement-to-disburse-fifth-tranche\/"},"modified":"2018-11-04T05:08:29","modified_gmt":"2018-11-04T05:08:29","slug":"cabinet-discusses-imf-review-staff-level-agreement-to-disburse-fifth-tranche","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/04\/cabinet-discusses-imf-review-staff-level-agreement-to-disburse-fifth-tranche\/","title":{"rendered":"Cabinet discusses IMF review, staff-level agreement to disburse fifth tranche"},"content":{"rendered":"<p><strong>CABINET WATCH- Cabinet discusses IMF review, staff-level agreement to disburse fifth tranche: <\/strong>The Madbouly Cabinet discussed during its weekly meeting on Thursday a staff-level agreement Egypt <a href=\"https:\/\/enterprise.press\/stories\/2018\/11\/01\/egypt-reaches-staff-level-agreement-with-imf-on-fifth-tranche-of-usd-12-bn-facility\/\">reached with the IMF last week<\/a> to disburse the fifth USD 2 bn tranche of its USD 12 bn extended fund facility, <a href=\"http:\/\/www.cabinet.gov.eg\/Arabic\/MediaCenter\/CabinetNews\/Pages\/-the-Council-of-Ministers-meeting-No.-16.aspx\">according to a Cabinet statement<\/a>. The fifth tranche will bring the total payments disbursed under the facility to USD 10 bn in two years.<\/p>\n<p><strong>The ministers also ratified a <\/strong><a href=\"https:\/\/enterprise.press\/stories\/2017\/04\/26\/prime-minister-establishes-sme-development-authority\/\"><strong>2017 decision<\/strong><\/a><strong> to establish the SME Development Authority<\/strong>, which then-Prime Minister Sherif Ismail decided would replace the Social Fund for Development. Cabinet also discussed trade liberalization and the establishment of a <strong>Retail Syndicate<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>CABINET WATCH- Cabinet discusses IMF review, staff-level agreement to disburse fifth tranche: The Madbouly Cabinet discussed during its weekly meeting on Thursday a staff-level agreement Egypt reached with the IMF last week to disburse the fifth USD 2 bn tranche of its USD 12 bn extended fund facility, according to a Cabinet statement. The fifth [&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":[72,272,991,287,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-621231","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-imf","tag-sme-development-authority","tag-smes","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"ded89d1e-6a1b-45ed-8d14-9552155f661f","order":"0","is_powered_by":true,"section_story_id":"34503f00-5e70-452d-8efa-b46f3acbb1b6","story_type":"1","photo_url":"","photo_position":"above","related_issue":[621212],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Cabinet discusses IMF review, staff-level agreement to disburse fifth tranche - 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\/2018\/11\/04\/cabinet-discusses-imf-review-staff-level-agreement-to-disburse-fifth-tranche\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cabinet discusses IMF review, staff-level agreement to disburse fifth tranche\" \/>\n<meta property=\"og:description\" content=\"CABINET WATCH- Cabinet discusses IMF review, staff-level agreement to disburse fifth tranche: The Madbouly Cabinet discussed during its weekly meeting on Thursday a staff-level agreement Egypt reached with the IMF last week to disburse the fifth USD 2 bn tranche of its USD 12 bn extended fund facility, according to a Cabinet statement. 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IMF Egypt Mission Chief Chris Jarvis had said last week that the board would meet sometime\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":628982,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/20\/imf-egypt-reach-staff-level-agreement-to-disburse-usd-2-bn-loan-tranche\/","url_meta":{"origin":621231,"position":1},"title":"IMF, Egypt reach staff-level agreement to disburse USD 2 bn loan tranche","author":"enterpriseam admin","date":"20 May 2018","format":false,"excerpt":"IMF, Egypt reach staff-level agreement to disburse USD 2 bn loan tranche: The IMF delegation that was in town reviewing Egypt\u2019s economic reform program has reached a staff-level agreement with the government to disburse the next USD 2 bn tranche of a USD 12 bn extended fund facility. The announcement\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":637221,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/12\/imf-reaches-agreement-with-egypt-to-disburse-usd-2-bn\/","url_meta":{"origin":621231,"position":2},"title":"IMF reaches agreement with Egypt to disburse USD 2 bn","author":"enterpriseam admin","date":"12 November 2017","format":false,"excerpt":"IMF reaches agreement with Egypt to disburse USD 2 bn: The S&P\u2019s announcement came just hours after the IMF announced that it had reached a staff level agreement with the government on disbursing the USD 2 bn tranche of its USD 12 bn Extended Fund Facility. \u201cEgypt\u2019s economy continues to\u2026","rel":"","context":"In &quot;Speed 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