Aswat Masriya (Cairo)

11 November 2012

Egypt: Movements, Parties to Protest Against IMF Loan Monday

The Popular Campaign to Drop Egypt's Debt called on Sunday for a protest on Monday at 5 pm against the $4.8 billion International Monetary Fund (IMF) loan the cabinet of Prime Minister Hisham Kandil is negotating for.

Monday's demonstration held under the title "No to the IMF loan... the people want to know... the people are the decision makers" is a protest against the confidentiality of discussions between the government and the fund.

It is also a protest against the complete absence of societal participation in formulating the details of the governmental economic programme that concerns the lives of many, the campaign said.

The protest will march from the stock exchange building in downtown Cairo until it reaches the cabinet of ministers building.

A number of parties and movements including the Strong Egypt Party, the Revolutionary Socialists, the Egyptian Popular Current and Mina Danial Movement will participate in the march.

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