Egypt should get third tranche of IMF credit after second review, end-2017


CAIRO (Reuters) – Egypt is expected to receive a third installment of around $2 billion of its $12 billion IMF credit programme after a second review at the end of this year, the IMF said on Tuesday.

Egypt’s inflation is expected to fall to “slightly above” 10 percent by the end of fiscal year 2017/2018 and to single digits by 2019, Subir Lall, IMF Mission Chief for Egypt, Middle East and Central Asia Department, said in an online briefing.

Reporting by Patrick Markey, editing by Larry King

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Godwin Okafor is a Financial Journalist, Internet Social Entrepreneur and Founder of Naija247news Media Limited. He has over 16 years experience in financial journalism. His experience cuts across traditional and digital media. He started his journalism career at Business Day, Nigeria and founded Naija247news Media in 2010. Godwin holds a Bachelors degree in Industrial Relations and Personnel Management from the Lagos State University, Ojo, Lagos. He is an alumni of Lagos Business School and a Fellow of the University of Pennsylvania (Wharton Seminar for Business Journalists). Over the years, he has won a number of journalism awards. Godwin is the chairman of Emmerich Resources Limited, the publisher of Naija247news.


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