Thursday, February 28, 2013
Egypt hopes for IMF deal by end-April - minister
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International Monetary Fund (IMF) Managing Director Christine Lagarde looks at one of the pyramids while listening to a guide's explanation as she visits the pyramids in Giza, at the end of her visit to Egypt, August 22, 2012. REUTERS/Asmaa Waguih |
CAIRO (Reuters) - Egypt hopes to conclude a deal with the International Monetary Fund for a $4.8 billion (3.1 billion pounds) loan by the end of April, the investment minister said on Thursday.
"We have hope, God willing, that we can, by the end of April complete the loan," Osama Saleh, the investment minister, told journalists. Earlier, the state-run newspaper al-Ahram reported that the government would formally invite an IMF team on Thursday to reopen talks on a deal.
(Reporting by Asma Alsharif; Writing by Tom Perry; Editing by David Stamp)
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