Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

IMF Team to Visit Egypt for Loan Talks Before Month’s End

Don't Miss Out —
Follow us on:

Sept. 12 (Bloomberg) -- An International Monetary Fund team will go to Egypt this month to begin discussions about a loan to that country, a fund’s spokeswoman said.

“Upon the government’s request, a technical team is scheduled to travel to Egypt to start talks on an IMF loan before the end of the month,” IMF spokeswoman Wafa Amr said by e-mail.

Egypt increased its application for an IMF loan to $4.8 billion last month as IMF Managing Director Christine Lagarde traveled to Cairo to meet authorities including President Mohamed Mursi. The request has sparked opposition from political activists who say the international lender will impose stringent conditions in exchange for the money.

To contact the reporter on this story: Sandrine Rastello in Washington at srastello@bloomberg.net

To contact the editor responsible for this story: Chris Wellisz at cwellisz@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.