IMF team to arrive in Egypt on Wednesday for loan talks




 
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March 31st, 2013  
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Topic: IMF team to arrive in Egypt on Wednesday for loan talks


By Ulf Laessing CAIRO (Reuters) - An IMF delegation will arrive in Egypt on Wednesday for talks with the government on a $4.8 billion loan, a government spokesman said on Sunday, as Cairo seeks to conclude a deal vital to easing a deep economic crisis. Spokesman Alaa El Hadidi added that Egypt would not seek any emergency loan from the International Monetary Fund and faced no "crisis" in funding the import of essential commodities. The most populous Arab country has been seeking a loan from the Fund to ease economic strains after two years of political upheaval. ...




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