The executive board of the International Monetary Fund (IMF) announced Wednesday its completion of the second review of Egypt’s economic reform programme, allowing the disbursement of $2bn, the third portion of the $12bn IMF loan to Egypt approved in November.

The third portion brings the total disbursements to about $6.08bn. The IMF delegation completed their visit to Egypt in November, when IMF Mission Chief for Egypt Subir Lall reaffirmed the IMF’s backing of the reforms implemented by the Egyptian authorities.