Egypt’s Negotiations with IMF UnderwaySource: www.export-egypt.com 1/31/2013, Location: Africa |
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Finance Minister el-Morsi Hegazi said on 30/1/2013 that Egypt is committed to implement integrated economic and social measures to support economic, financial and social stability in Egypt. Hegazi said that the Egyptian government is still negotiating with the International Monetary Fund's (IMF) on a $4.8 billion loan, adding the ministry is reshaping its economic reform program after the new amendments, introduced by the cabinet in November 2012.
The minister pointed out that Egypt enjoys investment chances available in mega projects such as the Suez Canal and the South Valley axes development. These remarks were made during a meeting held between Hegazi and the European Union delegation, chaired by EU ambassador in Cairo James Moran. Moran said EU fully supports Egypt in this current stage. |
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