The latest review by the International Monetary Fund has found that Egypt's economic reforms are on track, paving the way for the transfer of another $2 billion loan disbursement, part of a three-year bailout loan.
Egypt secured $12 billion in loans from the IMF in November 2016 to support its economy, which has been battered by years of unrest since the 2011 uprising.
The IMF and the Egyptian authorities reached in November a staff-level agreement on the second review of Egypt's economic reform program which finalizes granting Egypt the two billion U.S. dollars.
The IMF added that the agreement on the second review reaffirmed that authorities' commitment to their reform program.
The completion of the review allows Egyptian authorities to draw about 2.03 U.S. billion dollars, bringing total disbursements to 6.08 U.S. billion dollars.
