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IMF aide to visit Egypt Monday to discuss $4.8 billion loan request
Reuters ^ | Sat Jan 5, 2013 3:03pm EST | Yasmine Saleh in Cairo and Rachelle Younglai in Washington

Posted on 01/05/2013 5:51:23 PM PST by Olog-hai

A senior International Monetary Fund official is set to meet with Egyptian leaders on Monday to discuss the $4.8 billion loan agreement that was postponed last month at Cairo’s behest because of political turmoil in the country. …

The IMF said last week that it welcomed steps that Egypt had taken to stop a drain on its international reserves, which had driven the Egyptian pound down to record lows.

Egyptians have rushed to buy dollars for fear of a messy devaluation, and banks have been forced to impose limits on dollar withdrawals to prevent a run on deposits. …

(Excerpt) Read more at reuters.com ...


TOPICS: Business/Economy; Foreign Affairs; News/Current Events; War on Terror
KEYWORDS: egypt; imf; jihad; rop

1 posted on 01/05/2013 5:51:34 PM PST by Olog-hai
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To: Olog-hai

IMF = US Money


2 posted on 01/05/2013 6:26:01 PM PST by Don Corleone ("Oil the gun..eat the cannoli. Take it to the Mattress.")
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To: Olog-hai

Put the Gyppo’s hands to a better use than picking our pockets - Nuke the Aswan High Dam and let them tread water with those hands.


3 posted on 01/05/2013 7:30:54 PM PST by GladesGuru (In a society predicated upon freedom, it is necessary to examine principles."..)
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