Egypt Rebuts News on Resuming Loan Talks with IMF

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Egypt’s Finance Minister Hani Qadry Dimian has negated media reports about intentions to resume talks with the International Monetary Fund (IMF) over a loan worth $10.4 billion.
In a statement on Monday, the minister said Egypt is keen on continuing ties with the fund and the World Bank, adding that the government will maintain its cooperation with the fund in technical support and financing of infrastructure projects.
Egypt’s government invited the IMF to send a delegation before the end of 2014 to conduct regular consultations over the country’s economic position, the minister noted.