Hesham Kandil Expects IMF Visit This Month

The Egyptian Prime Minister Hesham Kandil expects the International Monetary Fund mission to visit Egypt this February to resume the negotiations over the long-awaited loan agreement.

“Within this month, God willing,” Kandil replied when asked when the IMF mission would arrive Egypt to resume the talks over the US$4.8 billion loan needed by Egypt to fix the crisis-hit economy.

Egypt signed an initial agreement for the loan in November but in December postponed final ratification because of political turmoil.