19 December 2012

Egypt: USA Urges Nation, IMF to 'Quickly' Reach Loan Deal

The US Department of State tells Ahram Online they urge Egypt and the International Monetary Fund (IMF) to come to an agreement 'as soon as possible' to free up the postponed $4.8 billion loan.

The United States urged Egypt and the IMF to reach an agreement on the $4.8 billion loan that was postponed on 11 December "as quickly as possible."

In an exclusive statement to Ahram Online, a Department of State spokesman confirmed: "We understand that the government of Egypt and the IMF are in close contact regarding the resumption of discussions on a Stand-by Arrangement."

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