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Egypt resumes talks with IMF over $4.8bn loan
- Egypt: Tuesday, January 08 - 2013 at 05:07
Egyptian premier Hesham Qandil has resumed talks with a delegation of the International Monetary Fund (IMF) over a $4.8bn loan to help revive the country's dilapidated economy, AFP has reported. The loan had been agreed in November but talks were suspended a month later amid fresh political tensions in the country. Cairo has sought to revive the talks for the loan, which is seen as vital for restoring confidence in the Egyptian economy. Discussions for the loan will focus on "the most recent economic developments, their (the Egyptian government's) policy plans for addressing Egypt's economic and financial challenges, and possible IMF support for Egypt in facing these challenges," the IMF said.
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