Saturday 4 August 2012

Egypt invites IMF to resume loan talks | Al Akhbar English

Egypt invited officials from the International Monetary Fund (IMF) to visit to resume talks on a $3.2 billion loan, the state's finance minister Mumtaz al-Saeed told reporters on Saturday.

"We have offered an invitation to the IMF delegation to visit Egypt in the coming period," Saeed said without specifying when exactly the visit will take place.

An IMF deal would help Egypt stave off a budget and balance of payments crisis and add credibility to economic reforms needed to restore the confidence of investors who fled the country after a popular uprising last year.

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