Sunday 9 June 2013

Morsi adviser blames IMF for delaying Egypt $4.8bn loan agreement - FT.com

"A leading adviser to Egypt’s president said Cairo had met all the requirements for a $4.8bn loan agreement with the International Monetary Fund and suggested the multilateral body was holding up the deal.
Essam al-Haddad, the closest aide to Mohamed Morsi, said that required measures, including a phased-out subsidies plan and a sales tax law, were now part of a programme sent to the fund."

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