6 January 2013

Egypt: Morsi and Qandil to Meet IMF Delegation Monday

A senior official from the International Monetary Fund has been meeting the Egyptian government for talks about a loan that is crucial for the ... ( Resource: IMF in Egypt for Loan Negotiations

President Mohamed Morsi and Prime Minister Dr. Hisham Qandeel will meet on Monday 7/1/2012 the delegation of the international monetary fund under Dr. Massoud Ahmed, the director of the IMF Middle East department.

On the other hand Standard Chartered, a British bank, expected that Egypt's battered economy would recover this year and achieves a growth rate of 3 percent.

The bank, however, said that political instability and the growing budget deficit may preclude achieving this aspired growth.

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InFocus

Egyptian Loan Negotiations 'Productive'

An official for the International Monetary Fund was encouraged by talks with the government over a multi-billion dollar loan though further negotiations are planned. Read more »