Egypt's Muslim Brotherhood has warned the government it will not support an IMF loan unless the terms are changed or it moves aside and allows a new administration to oversee how the funds are spent, its candidate for president said on Sunday.
The government has been negotiating a $3.2 billion loan with the International Monetary Fund (IMF) to help it avert a balance of payments crisis caused by the political and economic turmoil of the last year, and an IMF technical team is now in Cairo.
The IMF has said that before it agrees to a loan, the government must first sell the plan to the country's political groupings, especially the Muslim Brotherhood's Freedom and Justice Party, which won nearly half the seats in the new parliament.
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