The International Monetary Fund (IMF) said on Tuesday it planned to meet with Egyptian authorities to discuss the country's economic problems but added that any funding would have to be based on benchmarks that had broad political support.
Egypt, whose economy has been hammered by the uprising that unseated Hosni Mubarak in February, turned down a $3 billion IMF facility in June, but ministers have indicated the country may now be prepared to return to the negotiating table.
"The IMF team is looking forward to discussions in January with the authorities on their economic programme to address Egypt's difficult economic and financial situation," an IMF representative said in an emailed statement. It said it was too early to discuss specific measures.
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