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.

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.