Thursday, 28 February 2013

Economy News Headlines - Yahoo! News: Egypt to invite IMF team on Thursday for loan talks

Economy News Headlines - Yahoo! News
Get the latest economy news headlines from Yahoo! News. Find breaking economy news, including analysis and opinion on top economy stories, photos and more.
Egypt to invite IMF team on Thursday for loan talks
Feb 28th 2013, 13:59

IMF Managing Director Christine Lagarde talks with Egypt's Prime Minister Hisham Kandil during their a news conference at the cabinet headquarters in CairoCAIRO (Reuters) - Egypt will invite the IMF on Thursday to reopen negotiations on a $4.8 billion loan, state newspaper al-Ahram reported, and the investment minister expressed hope that a deal could be done by the end of April. International Monetary Fund support is seen as crucial to help ease an economic crisis rooted in two years of political turmoil that has depleted foreign currency reserves to critically low levels. ...


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