Chapter of Minfin: Egypt hopes to receive the first tranche from International Monetary Fund of $750 million in December

Cairo counts on receiving the first tranche of the credit program International Monetary Fund) in December, 2022. The minister of finance reported the republics about it Muhammad Ahmed Maait, the Al-Mal newspaper reported. Maait counts that Egypt will receive $750 million that makes 25% of total amount of the program of financial support of the international organization. "International Monetary Fund was estimated by deficiency of financings within four years on which the program is calculated, at $16 billion or $4 billion annually" — told chapter Ministry finance of Arab Republic Egypt. Cairo addressed to International Monetary Fund with a request about the financial helps in March, 2022. Money...