Experts expect pressures on Egypt to meet economic commitments

Egyptian experts expressed their fear that the Egyptian government could turn to adopt economic policy leading to tension with international donors, as the pressures facing the Tunisian government from the International Monetary Fund (IMF) to receive the second installment of the loan on which they agreed undermine the statements issued by the Egyptian government that the fund has not imposed any conditions over the $ 12-billion loan it received its first installments.
According to the experts, the Egyptian government could face the same pressures that the Tunisian government faces if it failed to meet its commitments it took to conclude the deal with the international economic institution. The Egyptian government prepares currently to receive a delegation from the international institution to follow the economic reform program sponsored by the International Monetary Fund to receive the second $ 1.25-billion second installment of the loan.
The Egyptian government took a number of measures to obtain the second installment, including the record of Cairo Bank’s shares in the stock market shares and also increasing the value of the Egyptian pound after the recent decision to liberate the exchange rate of the local currency.