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Egypt's finance minister expects disbursal of $1.6 billion of IMF funding by end-December - Metro US

Egypt’s finance minister expects disbursal of $1.6 billion of IMF funding by end-December

FILE PHOTO: Finance Minister Mohamed Maait speaks during a news conference in Cairo

CAIRO (Reuters) – Egypt expects to receive a $1.6 billion disbursal from the International Monetary Fund by end-December, Finance Minister Mohamed Maait said on Monday.

The IMF said earlier this month it had reached a staff-level agreement with Egypt after the first review of a $5.2 billion financing agreement.

(Reporting by Nadine Awadalla and Nayera Abdullah; Editing by Leslie Adler)

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