"The International Monetary Fund said Thursday it was making progress in talks with Egyptian authorities on a potential loan but that technical issues such as subsidies remain.
"Our work with the Egyptians is producing increased understanding on many of the remaining issues," IMF spokesman Gerry Rice said.
The spokesman, speaking at a regularly scheduled news conference, said that the IMF was working "constructively" with the authorities with the hope of a swift conclusion of loan negotiations."
'via Blog this'
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