IMF could change size of $4.8 bln Egypt loan -official

DUBAI, April 2 Tue Apr 2, 2013 2:26am EDT

Related Topics

DUBAI, April 2 (Reuters) - The International Monetary Fund could conceivably change the size of the $4.8 billion loan which it is negotiating with Egypt, depending on the country's needs, a senior IMF official said on Tuesday.

"The size may vary, it's a question of needs and what's required," Masood Ahmed, director of the IMF's Middle East and Central Asia department, told reporters in response to a question.

He was speaking at a meeting of Arab finance ministers and central bank governors in Dubai.

An IMF delegation is to arrive in Egypt on Wednesday for talks with the government on the $4.8 billion loan. Ahmed said the talks would include reviewing Egypt's financing needs; an initial agreement on the loan was reached last November but then suspended because of political unrest in Egypt.

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.