Egypt’s Prime Minister Meets With IMF’s Delegation Over $4.8 Bln Loan

Egyptian Prime Minister Hisham Kandil has received Monday morning the International Monetary Fund (IMF)’s delegation headed by Masood Ahmed,  IMF’s Middle East and Central Asia director.

The core economic group of Egypt’s Cabinet has also attended the meeting over IMF’s $4.8 billion loan to the country.

After the meeting, Masood Ibrahim said the IMF delegation will also meet with Egyptian President Mohamed Morsi noting that the talks with the Egyptian officials will continue to discuss recent economic developments and “possible IMF support for Egypt in facing these challenges,”

“The technical team will arrive in Cairo later.”  Masood added