Egypt Expects IMF Committee In 2-3 Weeks: Yasser Ali

Yasser Ali, spokesman for President Mohamed Morsi said that Egypt expects a visit from an International Monetary Fund (IMF) technical committee in two to three weeks.

“Negotiations with the IMF team will resume from where they stopped,” Ali said.

Egypt concluded an initial agreement with the IMF on a $4.8 billion loan in November but last month postponed conclusion of the deal because of political unrest set off by Morsi’s attempt to fast-track a new constitution. IMF Middle East and Central Asia Director Masood Ahmed met Morsi in Cairo last Monday.

Mubasher