Friday, August 3, 2012

Egypt government to discuss IMF assistance on Saturday: PM

CAIRO (Reuters) - Egypt's new Prime Minister Hisham Kandil will hold a meeting with members of his government on Saturday to discuss the next steps on seeking an International Monetary Fund loan, Kandil said.

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 a popular uprising last year.

"We will have a meeting on Saturday headed by me to look into our next steps," Kandil told reporters in Cairo on Thursday.

(Reporting by Tamim Elyan; Writing by Tom Pfeiffer)

Source: http://news.yahoo.com/egypt-government-discuss-imf-assistance-saturday-pm-114357572.html

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