Monday, 1 October 2012

The IMF's Interest Rate Is Low, But Can Egypt Really Afford It? - Al-Monitor: the Pulse of the Middle East

The fact that the interest rates on the loans provided by the International Monetary Fund (IMF) are small does not mean that we should be rushing to borrow from them. Our attitude towards borrowing from this fund should not depend on the interest rate. Rather, it should depend on the results that would come about as a result of this agreement.
 
It is true that the interest rate offered by the IMF is very low — both by domestic and international standards — and that the repayment plan is the most affordable plan available in the world's monetary market.

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