Egypt State Information Service (Cairo)

Egypt: Minister - Gov't Resumes Talks With IMF to Get U.S.$3.2 Billion

5 August 2012

Minister of Finance Momtaz al-Sa'eed on 4/8/2012 said that the government of Dr. Hisham Qandil gives the economic file a great deal of attention which will help in solving the unemployment problem, fulfilling the daily needs of the citizens and ensuring fair distribution of the national income.

He made the statement during a joint press conference held with Minister of Investment Osama Saleh after a meeting of the Ministerial Economic Group held under Prime Minister Hisham Qandil.

Al-Sa'eed said that the government will resume talks with the International Monetary Fund (IMF) on a US$3.2 billion loan to Egypt.

The Minister expected the annual growth rate to range between 1.8 and 2 per cent this year.

  • Comment

Copyright © 2012 Egypt State Information Service. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica aggregates and indexes content from over 130 African news organizations, plus more than 200 other sources, who are responsible for their own reporting and views. Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica.

Comments Post a comment