Egypt's central bank governor says IMF treated Egypt improperly | ASHARQ AL-AWSAT

Egypt's central bank governor says IMF treated Egypt improperly | ASHARQ AL-AWSAT:

"Egypt’s central bank governor, Hisham Ramez, has criticized the International Monetary Fund (IMF) over the manner in which his country was invited to the institution’s annual meeting in Washington.

Months of talks between Islamist President Mohamed Mursi’s government and the IMF failed to produce an agreement over a USD 4.8 billion loan before the army toppled Mursi on July 3.

Ramez told Reuters a senior IMF official, whom he declined to name, had invited Egypt to attend the annual meeting held earlier this month in an “inappropriate” way.

“This prompted the Egyptian government to reject the invitation,” said Ramez."

'via Blog this'