{"id":628982,"date":"2018-05-20T03:55:30","date_gmt":"2018-05-20T03:55:30","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/20\/imf-egypt-reach-staff-level-agreement-to-disburse-usd-2-bn-loan-tranche\/"},"modified":"2018-05-20T03:55:30","modified_gmt":"2018-05-20T03:55:30","slug":"imf-egypt-reach-staff-level-agreement-to-disburse-usd-2-bn-loan-tranche","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/20\/imf-egypt-reach-staff-level-agreement-to-disburse-usd-2-bn-loan-tranche\/","title":{"rendered":"IMF, Egypt reach staff-level agreement to disburse USD 2 bn loan tranche"},"content":{"rendered":"

IMF, Egypt reach staff-level agreement to disburse USD 2 bn loan tranche: <\/strong>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 followed a positive third review of progress on economic and structural reform, which concluded that \u201cEgypt has begun to reap the benefits of its ambitious and politically difficult economic reform program,\u201d said Egypt Mission Chief Subir Lall.<\/p>\n

Leading indicators: <\/strong>Inflation is cooling, GDP growth is accelerating, FX reserves are up, and social safety remains a priority for the government, according to Lall, who added that the country is \u201con track to achieve a primary budget surplus<\/strong> [of 2% of GDP] \u2026 with general government debt as a share of GDP expected to decline for the first time in a decade.\u201d Finance Minister Amr El Garhy had said he expects<\/a> the tranche to be disbursed by the end of June. The IMF\u2019s executive board will still sign off on the agreement, which should bring Egypt\u2019s total disbursements to USD 8 bn. You can read the full announcement here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

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 followed a positive third review […]<\/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":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-628982","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"8834a97d-cfe0-4985-a059-d08de281df44","order":"0","is_powered_by":true,"section_story_id":"a2fbeb4e-fcb2-434c-924a-9eeb3e2167a1","story_type":"1","photo_url":"","photo_position":"above","related_issue":[628968],"teaser":"","voice_url":""},"yoast_head":"\nIMF, Egypt reach staff-level agreement to disburse USD 2 bn loan 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\/05\/20\/imf-egypt-reach-staff-level-agreement-to-disburse-usd-2-bn-loan-tranche\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IMF, Egypt reach staff-level agreement to disburse USD 2 bn loan tranche\" \/>\n<meta property=\"og:description\" content=\"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. 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extended fund facility, according to\u2026","rel":"","context":"In "Speed Round"","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":628982,"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 "Speed 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IMF Egypt Mission Chief Chris Jarvis had said last week that the board would meet sometime\u2026","rel":"","context":"In "Speed Round"","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":647525,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/14\/egypt-passes-imf-inspection-and-will-receive-the-second-tranche-of-the-loan\/","url_meta":{"origin":628982,"position":5},"title":"Egypt passes IMF inspection and will receive the second tranche of the loan","author":"enterpriseam admin","date":"14 May 2017","format":false,"excerpt":"Egypt is now just a few signatures away from receiving the second tranche of its USD 12 bn loan from the IMF,after the delegation assessing the country\u2019s economic reform progress gave it a clean bill of health on Friday. 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