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FINANCIAL NEWS
IMF director to resume USD4.8b loan talks with Egypt officials
06 Jan 2013
(MENAFN) International Monetary Fund director for the Middle East and Central Asia Massod Ahmed is set to bound for Egypt to discuss the USD4.8 billion loan agreement that was postponed last month, Reuters reported.
The IMF official will meet Egyptian leaders to discuss recent economic developments and “possible IMF support for Egypt in facing these challenges”, the IMF said in a statement.
State-run Egyptian newspaper Akhbar Al-Youm reported that Ahmed would meet with Egyptian President Mohamed Mursi, Prime Minister Hisham Kandil, some ministers and the central bank governor.
Last month, Cairo asked the IMF to delay the loan agreement because of political turmoil in the country.
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