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Egypt Should Get Third Tranche after Second Review, End-2017

Source: Reuters 9/26/2017, Location: Egypt

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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.

Egypt >>  12/4/2017 - Exxon Mobil is considering a foray into Egypt offshore oil and gas, seeking to replicate rivals’ success in the country and boost its reserves, offici...
Egypt >>  12/1/2017 - Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources delivered Egypt’s speech before the ordinary Ministerial Meeting of the Organization ...

Egypt >>  11/28/2017 - ABB partners with Complete Energy Solutions to drive greener energy provision with launch of 20 MW photovoltaic power plant. ABB’s PVS800 central inve...
Egypt >>  11/25/2017 - Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources headed Egypt’s delegation in the Ministerial Meeting of the Gas Exporting Countries’ ...

Egypt >>  11/19/2017 - Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources received Mr. Darcy Spady, President of the Society of the Petroleum Engineers (SPE), ...
Egypt >>  11/16/2017 - ADES International Holding Ltd. (ADES), the London-listed company providing offshore and onshore oil and gas drilling and production services in the M...

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