IMF delays loan talks with Egypt
- Egypt: Tuesday, October 02 - 2012 at 01:25
Egypt's finance minister has said the IMF has delayed sending a team to Cairo to negotiate a $4.8bn loan while the Egyptian government works to complete its economic reform programme, Reuters has reported. Egypt, which was due to receive a team from the IMF at the end of September to discuss the terms of the loan, urgently needs the financial support to prop up state coffers that have been weakened by economic turmoil since a popular uprising last year.
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