Lagarde: IMF loan for Egypt won't be enough




 
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Lagarde: IMF loan for Egypt won't be enough
 
April 19th, 2012  
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Topic: Lagarde: IMF loan for Egypt won't be enough


Lagarde: IMF loan for Egypt won't be enough
WASHINGTON (Reuters) - Egypt's request for a $3.2 billion IMF loan will not be enough to meet the country's financial needs and will require additional resources from donor countries, the head of the International Monetary Fund said on Wednesday. "It will not be sufficient, and everybody knows that, so it will require other donors, other participants to also come to the table to help Egypt," IMF Managing Director Christine Lagarde told a news conference before the start of the IMF and World Bank meetings in Washington. ...




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