IMF Open to Egypt Deal Changes But Sees $8 Billion Loan Enough
- Egypt says a review of targets, timetables may be needed
- Fund chief Georgieva to visit Cairo for talks in about 10 days
Kristalina Georgieva
Photographer: Ting Shen/BloombergThis article is for subscribers only.
The International Monetary Fund’s chief will travel to Egypt for talks on an $8 billion program that Cairo has said is becoming harder to enact with the Middle East in turmoil, although the lender signaled it likely won’t increase the size of the loan.
“We have been very open to adjust the Egyptian program or any other program to what is best to serve the people,” Managing Director Kristalina Georgieva told reporters in Washington on Thursday. She’ll visit in about 10 days, she said at the IMF and World Bank’s annual meetings.