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Egypt-IMF Negotiations Kick off

Source: www.export-egypt.com  3/19/2012, Location: Africa

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Egypt will resume talks on 19/3/2012 with an International Monetary Fund (IMF) delegation on loan agreements worth 4.7 billion, Minister of Planning and International Cooperation Fayza Abul-Naga said. The talks will also tackle Egypt's economic reform program that the government sent to the IMF. Egypt seeks $4.7 billion in loans; $3.2 billion from the IMF, $1billion from the World Bank and $500 million from the African Development Bank, Abul-Naga said following a meeting between Prime Minister Kamal el-Ganzouri and chairman of the Egyptian bourse Mohamed Omran.

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