WASHINGTON Jan 31 International lenders are
working toward a "durable solution" to help Cyprus deal with its
banking problems, and in the meantime the country continues to
meet its financing needs through domestic borrowing, the
International Monetary Fund said on Thursday.
"The authorities have been able to meet their financing
needs through the domestic market in recent months and are
expected to be able to continue meeting their obligations," IMF
spokesman Gerry Rice told reporters.
Rice said talks with Cyprus on a possible funding program
were likely to advance following elections next month.
Meanwhile, Rice said the Egyptian authorities were revising
their economic program and talks on a loan program would resume
once the work is finalized.
"The IMF continues to stand ready to help Egypt," Rice said,
following concerns of more possible delays in talks with the
Fund after deadly unrest this week that killed nearly 60 people.
"Once we receive the authorities' updated work program we will
discuss with them a possible mission to Cairo," he added.