Saturday, March 02, 2013
Kerry to stress need for Egypt to reach IMF deal - U.S. official
CAIRO (Reuters) - U.S. Secretary of State John Kerry will stress the importance of Egypt reaching an agreement with the IMF supported across the country's political spectrum when he visits Cairo, a senior U.S. official said on Saturday.
The official said if Cairo could agree on a $4.8 billion (3.1 billion pounds) loan from the IMF, this would bring in other funds from the United States, European Union and Arab countries.
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U.S. Secretary of State John Kerry waves as he leaves Ankara, for Cairo March 2, 2013. REUTERS/Jacquelyn Martin/Pool |
"His basic message is it's very important to the new Egypt for there to be a firm economic foundation," the official told reporters as Kerry flew to Cairo for a two-day visit.
"In order for there to be agreement on doing the kinds of economic reforms that would be required under an IMF deal there has to be a basic political ... agreement among all of the various players in Egypt," the official said on condition of anonymity.
(Reporting by Arshad Mohammed, editing by Marwa Awad and David Stamp)
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