All data is delayed
Loading...
See More

Egypt reaches preliminary deal for loan

Nov 20 2012 16:53
Reuters
Cairo - Egypt has reached a preliminary agreement with a team from the International Monetary Fund for a $4.8bn loan, a minister said on Tuesday.

"We have a preliminary agreement with the technical team of the IMF," Planning and International Cooperation Ashraf al-Araby told a news conference with the head of the IMF delegation.

The minister added that the preliminary agreement would go to the IMF board to be finalised in December. An IMF official said the loan would be disbursed over 22 months.
imf  |  egypt  |  imf loan

NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about:

SMALL BUSINESS

Myths that funding and red tape are the two biggest challenges faced by emerging companies and entrepreneurs, have been debunked by a report.
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

Sarb’s possible intervention in the markets to stem the rand’s fall is:

Previous results · Suggest a vote

Loading...