IMF Expects to Send Loan Talk Team to Egypt by End-October
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The International Monetary Fund expects to send a team to Egypt by the end of this month for talks on the $4.8 billion loan that the country has requested, the fund’s top Middle East official said.
Egypt needs to develop economic policies with broad public support “to ensure that the program that is developed would be implemented,” Masood Ahmed, IMF director for the Middle East and Central Asia, told reporters at a press conference in Tokyo broadcast on the IMF’s website.