facebook
twitter
rss
account
search
search
 

Report: Egypt sets meeting with IMF

Jan. 5, 2013 at 1:09 PM   |   Comments

CAIRO, Jan. 5 (UPI) -- Egypt's president will meet next week with the International Monetary Fund on a major loan to maintain the nation's economy, sources told an Egyptian newspaper.

State-run Al-Akhbar reported Saturday President Mohamed Morsi and Prime Minister Hesham Kandhil would meet with a high-ranking IMF official Monday to discuss the proposed $4.8 billion loan package.

President Mohamed Morsi will meet Monday with Massoud Ahmed, head of the Middle East department at the International Monetary Fund, the newspaper said on its website, adding talks about the loan are expected to be part of the meeting.

The Cairo delegation will also meet with various economic advisers and representatives of the central bank.

Economic experts generally consider the loan to be vital to stabilizing Egypt's economy, which has been wobbly since the overthrow of President Hosni Mubarak in 2011, al-Masr, al-Youm said Saturday.

© 2013 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Recommended UPI Stories
Most Popular
1
China questions Americanism in SATs
2
Dairy Queen hit by Backoff malware breach
3
Plague bomb data found on seized Islamic State laptop
4
St. Paul police arrest a black man for sitting on a bench waiting for his children
5
Elizabeth Warren defends Israeli airstrikes on schools and hospitals
Trending News
Video
x
Feedback