Thursday, February 28, 2013

Egypt to invite IMF team on Thursday for loan talks

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Egypt to invite IMF team on Thursday for loan talks

CAIRO (Reuters) – Egypt will invite an IMF technical team on Thursday to reopen negotiations on a $4.8 billion loan deal, the state newspaper al-Ahram reported, as the people’s foreign currency capital slide to worryingly low levels. Al-Ahram’s website quoted plotting minister Ashraf al-Araby as saying he expected the team to turn up within 10 days.

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Egypt to invite IMF team on Thursday for loan talks

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