Egypt has no plans for IMF loan – official

Cairo asserts once again its plans not to seek a loan from the International Monetary Fund following some reports signalling a potential loan agreement to support the country’s budget deficit.

Egyptian government is not seeking to obtain a loan from the International Monetary Fund (IMF), said deputy minister of finance for international affairs, Ayman Alkaffas, on Wednesday.

Alkaffas has ruled out any current negotiations between Egypt and the fund to receive a loan, saying the IMF has asserted many times it is ready to provide any help needed “with all possible ways”.