16 January 2013

Egypt to Make Changes to Economic Reform Plan for IMF's Loan

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

Finance Minister Al-Morsy Hegazi said on Tuesday 15/1/2013 that Egypt is currently seeking to change the economic reform plan to obtain thr IMF $ 4.8 billion loan.

At a meeting with the Bank Group Chairman Ahmed Mohammed Ali, the minister added that there are several domains of cooperation between both sides that will eventually ease the burden off the State's budget.

Egypt has several projects to be financed by the Bank under different systems, he said, explaining that Egypt is also considering applying the system of Private-Public-Partnership (PPP). The meeting also took up the Bank's experience in the domain of Islamic Sukuk (Bonds).

Copyright © 2013 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.