A delegation from the International Monetary Fund will visit Egypt at the end of this month to resume talks over a US$4.8 billion loan Egypt requested from the international organization, Prime Minister Hesham Qandil said Wednesday.
During his weekly press conference in Cairo, which was aired on state TV, Qandil said an Egyptian delegation will attend a joint meeting in Tokyo by the IMF and the World Bank, where it will prepare for the October talks in Cairo.
On Monday, the Egyptian government and the IMF announced that negotiations over the loan were called off to give the government more time to form a plan for economic reform. Egypt was expected to host an IMF delegation late September to discuss conditions for the loan.
Egypt has sought financial support for its flailing economy since a popular uprising ousted former President Hosni Mubarak.
