Aswat Masriya (Cairo)

Egypt: Prime Minister - Washington Ready to Help Egypt Secure IMF Loan

26 July 2013

Washington is ready to help Egypt in its attempt to obtain a $4.8 billion loan from the International Monetary Fund (IMF), the Egyptian state television reported Prime Minister Hazem al-Beblawi as saying.

"The U.S. Secretary of the Treasury has signalled his readiness to aid Egypt's economy," Beblawi said.

The IMF said on Thursday that it will not hold talks with Egypt about a possible loan until the interim government is internationally recognized.

"It's a case of the international community ... its institutions, its nations, coming together and recognizing a particular government," IMF deputy spokesman William Murray said.

"Until that happens, and until our members make a decision on the Egyptian government, we're going to keep our context technical (at the technical level)," he added.

  • Comment

Copyright © 2013 Aswat Masriya. 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 aggregates and indexes content from over 130 African news organizations, plus more than 200 other sources, who are responsible for their own reporting and views. Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica.

Comments Post a comment