Arab Today, arab today egypt still unsure about imf loan new minister
Last Updated : GMT 02:02:44
Arab Today, arab today
Arab Today, arab today

Egypt still unsure about IMF loan: new minister

Arab Today, arab today

Arab Today, arab today Egypt still unsure about IMF loan: new minister

London - AFP

Egypt\'s future finance minister said on Saturday it was too soon to say whether the country would take a loan of $3.2 billion offered by the International Monetary Fund to fund its budget deficit. \"It is too soon to know the outcome for this agreement with the IMF for a loan of $3.2 billion dollars, (for) the budget deficit estimated at 134 billion Egyptian pounds ($22 billion),\" Mumtaz Said said in a statement. The loan deal with the IMF in June has been the subject of various contradictory statements from the military-backed government in charge in Egypt since the revolution in January and February. Saturday\'s statement from the new administration of Prime Minister Kamal el-Ganzuri announced that Said, the former deputy finance minister, would be promoted to take the portfolio in a new cabinet that has been partly named. Ganzuri is to keep about 10 members of the previous administration which was forced to step down after huge street protests over its handling of the country\'s transition to democracy. Egypt\'s economy has slumped since the revolution because of a fall in receipts from its vital tourism industry, a key source of foreign exchange, and an investment climate badly affected by instability and violence. The army, which stepped in after Mubarak\'s fall, announced a loan of $1.0 billion on Thursday to the central bank and warned that foreign reserves might cover imports only until the end of February. The Quartet -- the European Union, Russia, United Nations and United States -- has been working to relaunch direct peace talks, which ground to a halt shortly after they began over the issue of Israeli settlement construction. But the efforts have so far failed and the Palestinians have said they will not resume talks before Israel freezes settlements and accepts the 1967 borders as the basis for negotiations. Israeli-Palestinian talks came to a halt in September 2010 when Israel ended a moratorium on construction in the occupied territories.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today egypt still unsure about imf loan new minister Arab Today, arab today egypt still unsure about imf loan new minister

 



Arab Today, arab today
Arab Today, arab today Fadi explains secrets of  Nancy Ajram's newlook

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook
Arab Today, arab today Tourist guide explains types of tourism

GMT 18:28 2017 Saturday ,25 February

Tourist guide explains types of tourism
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Iran complying with nuclear deal

GMT 07:14 2017 Saturday ,25 February

Iran complying with nuclear deal
Arab Today, arab today Zainab al-Maliki reveals herTV presenter models

GMT 18:12 2017 Friday ,24 February

Zainab al-Maliki reveals herTV presenter models
View News in Arabic - Business: اقتصاد عربي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Actress Lobna Abdel Aziz proud of her career

GMT 06:08 2017 Thursday ,23 February

Actress Lobna Abdel Aziz proud of her career
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 07:36 2017 Wednesday ,22 February

Wafaa Amer is happy for Sherihan’s return

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 10:20 2017 Thursday ,23 February

Brazil's top diplomat resigns

GMT 11:54 2017 Thursday ,23 February

Saudis await visitors but will they come?

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday