IMF team in Cairo extends stay for more loan talks - cenbank

CAIRO Wed Nov 14, 2012 12:15pm EST

CAIRO Nov 14 (Reuters) - Egypt's central bank said on Wednesday a team from the International Monetary Fund (IMF) in Cairo will extend its stay to continue loan talks with the government.

"The IMF mission will remain in Cairo for a few days to continue constructive consultations with the Egyptian authorities regarding the national economic program," the central bank said in an emailed statement.

The IMF's technical team has been in Cairo since Oct. 31 to negotiate a $4.8 billion loan that Egypt asked for to shore up finances hammered by last year's popular uprising.


After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.