29 October 2012

Egypt: IMF Team Arrives in Egypt for Final Stage of $4.8 Billion Loan Negotiations

The mission of International Monetary Fund (IMF) will arrive to Egypt on 30/10/2012 to resume the negotiations about the $4.8 billion loan requested by Egyptian government for supporting the state's economy.

Minister of Planning Dr. Ashraf El Arabi said that the IMF mission would discuss with the Egyptian government the economic reform program it has prepared.

He added that in case the economic reform program was agreed on, the agreement would be finally concluded with the IMF by the end of this year.

Ads by Google

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 publishes around 2,000 reports a day from more than 130 news organizations and over 200 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.