Egypt needs to fix economy, strike IMF deal: Kerry




 
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Egypt needs to fix economy, strike IMF deal: Kerry
 
March 2nd, 2013  
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Topic: Egypt needs to fix economy, strike IMF deal: Kerry


Egypt needs to fix economy, strike IMF deal: Kerry
CAIRO (Reuters) - Egypt's need to get the economy back on its feet is paramount and urgent, and the government should strike a loan deal with the IMF, U.S. Secretary of State John Kerry said on Saturday. The country's foreign currency reserves have dived to little more than a third of levels before the 2011 revolution and the budget deficit is soaring as a sliding Egyptian pound pushes up the cost of state subsidies for imported fuel and food. "It is paramount, essential, urgent that the Egyptian economy get stronger, that it gets back on its feet," Kerry told Egyptian and U.S. ...




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