{"id":647188,"date":"2017-05-04T03:54:19","date_gmt":"2017-05-04T03:54:19","guid":{"rendered":"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\/"},"modified":"2017-05-04T03:54:19","modified_gmt":"2017-05-04T03:54:19","slug":"imf-review-going-well-egypt-on-track-to-receive-second-tranche-of-usd-12-bn-facility-el-garhy","status":"publish","type":"post","link":"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\/","title":{"rendered":"IMF review \u201cgoing well,\u201d Egypt on track to receive second tranche of USD 12 bn facility -El Garhy"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-02\"><\/a><strong>Cabinet\u2019s progress on the economic reforms it promised as a condition of the USD 12 bn <\/strong><strong>IMF bailout is so far in line with the fund\u2019s expectations<\/strong>, Finance Minister Amr El Garhy <a href=\"http:\/\/www.shorouknews.com\/news\/view.aspx?cdate=03052017&id=3d34d018-fbf0-494b-a0fa-625f7dde753f\">told the press yesterday<\/a>. According to El Garhy, discussions with the IMF delegation currently in town to assess our reform program are going well so far. El Garhy otherwise remained tight-lipped on the details of the discussions, but confirmed that Egypt is on track to receive the second tranche of the USD 12 bn facility in June as scheduled. <a href=\"https:\/\/enterprise.press\/stories\/2017\/05\/02\/what-were-tracking-on-2-may-2017\/\">According to previous reports<\/a>, subsidy cuts, the budget deficit, measures to curb inflation, and legislative reforms are among the top items of the IMF team\u2019s agenda.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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. According to El Garhy, discussions with the IMF delegation currently in town to assess our reform program are going [&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":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-647188","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"c3249eaa-cc56-48c2-8269-2a2cc3eb6865","order":"0","is_powered_by":true,"section_story_id":"b6c89d04-f25b-43ad-941e-e2d610251c7c","story_type":"1","photo_url":"","photo_position":"above","related_issue":[647178],"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>IMF review \u201cgoing well,\u201d Egypt on track to receive second tranche of USD 12 bn facility -El Garhy - 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\/2017\/05\/04\/imf-review-going-well-egypt-on-track-to-receive-second-tranche-of-usd-12-bn-facility-el-garhy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IMF review \u201cgoing well,\u201d Egypt on track to receive second tranche of USD 12 bn facility -El Garhy\" \/>\n<meta property=\"og:description\" content=\"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. According to El Garhy, discussions with the IMF delegation currently in town to assess our reform program are going [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"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\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-05-04T03:54:19+00:00\" \/>\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\/2017\/05\/04\/imf-review-going-well-egypt-on-track-to-receive-second-tranche-of-usd-12-bn-facility-el-garhy\/#article\",\"isPartOf\":{\"@id\":\"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\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"IMF review \u201cgoing well,\u201d Egypt on track to receive second tranche of USD 12 bn facility -El Garhy\",\"datePublished\":\"2017-05-04T03:54:19+00:00\",\"mainEntityOfPage\":{\"@id\":\"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\/\"},\"wordCount\":135,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"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\":\"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\/\",\"name\":\"IMF review \u201cgoing well,\u201d Egypt on track to receive second tranche of USD 12 bn facility -El Garhy - 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Egypt completed a review last month and the reached a staff-level agreement with the IMF to\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":647305,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/08\/second-installment-of-imf-loan-to-be-disbursed-in-june-el-garhy\/","url_meta":{"origin":647188,"position":1},"title":"Second installment of IMF loan to be disbursed in June -El Garhy","author":"enterpriseam admin","date":"8 May 2017","format":false,"excerpt":"Speaking to the press on Sunday, El Garhy said he expects the second installment of the IMF\u2019s loan to Egypt to be disbursed in June, according to Reuters. This comes in line with IMF executive director Hazem El Beblawi\u2019s expectation of the USD 1.125 bn tranche being disbursed within six\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":647188,"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 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":638782,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/15\/govt-makes-the-case-for-more-investment-in-egypt-at-imf-wb-fall-meetings\/","url_meta":{"origin":647188,"position":3},"title":"Gov\u2019t makes the case for more investment in Egypt at IMF, WB fall meetings","author":"enterpriseam admin","date":"15 October 2017","format":false,"excerpt":"REPORT ON IMF \/ WORLD BANK FALL MEETINGS- Egypt expects to receive the next USD 2 bn tranche of its IMF extended fund facility not long after the institution\u2019s second review of the reform program concludes in the first week of November, Finance Minister Amr El Garhy said in an\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":647188,"position":4},"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. 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":650100,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/16\/house-legislative-committee-approves-imf-loan\/","url_meta":{"origin":647188,"position":5},"title":"House Legislative Committee approves IMF loan","author":"enterpriseam admin","date":"16 March 2017","format":false,"excerpt":"The House Legislative Committee approved yesterday Egypt\u2019s USD 12 bn loan agreement with the IMF and has referred it to the Economics Committee for further review. The agreement will then be put to a vote in a plenary session, Al Mal reports. The committee\u2019s approval came despite a vocal minority\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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/647188","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=647188"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/647188\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/647178"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=647188"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=647188"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=647188"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=647188"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=647188"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}