Egypt in talks with IMF for second tranche of financial support- official

Egypt in talks with IMF for second tranche of financial support- official
Representative Image Image Credit: ANI
  • Country:
  • Egypt Arab Rep

Egypt is in talks with the International Monetary Fund for a second bundle of financial support after receiving $2.8 billion in emergency financing, the central bank deputy governor said on Wednesday.

Asked about a Bloomberg News report that Egypt would seek a further $5 bln from the IMF and $4 bln from other sources for a total of $9 bln, Rami Aboul Naga told Al Arabiya news channel that the number was close to that figure.

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