7 February 2013
Egypt: Planning Minister: Negotiations With IMF Going On
Minister of Planning and International Cooperation Ashraf el-Arabi said on Wednesday 6/2/2013 that negotiations with International Monetary Fund (IMF) are going on.
In a press release, el-Arabi denied news that Cairo's talks with the IMF have stopped. He asserted that an IMF technical team will visit Egypt in the coming few weeks to resume discussions over a work plan proposed by the Egyptian government.
Egypt seeks a $4.8 bn loan from the IMF to give a shot in the arm to economy and growth.
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