Egypt sees IMF deal, tranche by end-June-report

CAIRO, March 19 Tue Mar 19, 2013 2:00pm EDT

CAIRO, March 19 (Reuters) - The Egyptian government expects to sign a deal with the IMF by the end of June and to have received the first tranche of a $4.8 billion loan by then, the planning minister told Al-Ahram online on Tuesday.

Ashraf al-Araby also said he expected an IMF technical mission to arrive in Cairo in the coming days to complete talks on the deal. He said discussions earlier this week with a senior International Monetary Fund official did not deal with the idea of an emergency IMF loan.

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

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