Egypt Not in Talks With IMF for Emergency Loan, Minister Says
This article is for subscribers only.
Egypt is “not in need” of an emergency loan from the International Monetary Fund and is instead focusing its efforts on completing a $4.8 billion loan agreement with the lender, the country’s planning minister said.
“Egypt wants to implement the fiscal and economic reform program as we have a number of structural problems,” Planning and International Cooperation Minister Ashraf el-Arab said in Cairo today.