Finance Minister Mohamed Muteet said he expected Egypt to take over the second tranche of the $ - billion IMF loan next December.

The Minister of Finance stressed that Egypt's economic performance exceeded IMF expectations.

Earlier Sunday, the IMF hailed the performance of the Egyptian economy, saying it was "above expectations," thanks to a series of rapid containment measures that contributed not only to reducing the impact of the crisis on most sectors, but also made the Egyptian economy the world's second largest economic growth rate in 2020 with 3.6 percent growth.

For her part, Minister of Planning and Economic Development Hala El Sayed said that the Egyptian government had raised its forecast for economic growth to 3.8 percent over the current year.

The coming period would see the implementation of structural reforms aimed at supporting many productive sectors, primarily industry.