Tuesday 1 February 2011

IMF vows to help Egypt reform | beyondbrics – FT.com

With Cairo braced for what organisers hope will be a million strong march against the country’s president on Tuesday, the International Monetary Fund said that it isready to help Egypt reform its economy.

But Dominique Strauss-Kahn, the IMF’s managing director, also said he does not expect turmoil in Egypt and Tunisia to have a global impact beyond the oil markets, where prices dipped slightly on Tuesday morning but stayed above $100 a barrel.

On the domestic economy, AFP reported him saying: “The IMF is ready to help in defining the kind of economic policy that could be put in place.”

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