Thursday 23 August 2012

Egyptian Chronicles: Regarding the IMF loan : Why I am against it tks @zeinobia

Egypt has requested officially today a $4.8 billion loan from the IMF during the visit of Mrs. Christine Lagarde to Cairo today and her meeting with President Morsi and Prime minister Hisham Kandeel.
Ironically the Muslim brotherhood and its Freedom and Justice Party under the leadership of Morsi rejected the loan from the IMF from several months ago when former PM Ganzoury “Current President’s adviser” announced that his government will seek a $3.2 billion loan from the IMF. We all remember how the MB in the parliament stood against the matter just like the rest of the revolutionary forces that refused to increase the burden of the country another loan with conditions that will harm the poor in the future.
The Freedom and Justice Party “led by our current president Morsi” issued a strong short statement refusing the loan and wondering why we have to get a loan from the IMF when we have a lot of sources last February. Former FJP leader and current elected president of Egypt Mohamed Morsi told the IMF officials back that we did not need economic burdens !!

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