Egypt Invites IMF Officials to Resume Talks

Egypt invited officials from the International Monetary Fund (IMF) to visit to resume talks on a $3.2 billion loan, the state's finance minister Mumtaz al-Saeed told reporters on Saturday. An IMF deal would help Egypt stave off a budget and balance of payments crisis and add credibility to economic reforms needed to restore the confidence of investors who fled the country after the state's popular uprising of last year. "We have offered an invitation to the IMF delegation to visit Egypt in the coming period" Saeed said without specifying when exactly the visit will take place.