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

Jan. 18 (Bloomberg) -- The International Monetary Fund is waiting for the Egyptian authorities to update an economic program attached to a loan agreement that has been put on hold before sending a team to Cairo, an IMF official said.

“The work that is now under way in Cairo is to update their own program in light of the fact that with this passage of time the economic situation has changed a bit,” Masood Ahmed, head of the IMF Middle East and Central Asia Department, told reporters in Washington today.

It’s also “to ensure that the measures that they’re putting forward are both adequate to respond to the economic and financial challenges and are consistent and compatible with their political imperatives.”

Once that is advanced, the IMF will send a technical team to Cairo, Ahmed said, adding he hopes it to be in coming weeks.

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.