Egypt Independent

Minister predicts $4.8 IMF loan to come ahead of polls



 

Minister of Planning and International Cooperation Ashraf al-Araby said Wednesday that ongoing negotiations with the International Monetary Fund are going well and that the fund is satisfied with Egypt’s economic program.
 
“We will get the loan before the parliamentary elections,” he told Al Jazeera Mubasher Misr, adding that the government declined an emergency IMF loan in an effort to boost international confidence in the Egyptian market.
 
Edited translation from Al-Masry Al-Youm