News Briefs

  10/25/2012, Cheshvan 9, 5773

International Monetary Fund to Visit Cairo Next Week

A delegation of the International Monetary Fund will visit Cairo next week in order to resume discussions of the loan that Egypt requested in order to stabilize its economic situation, the IMF spokeswoman announced.

Egyptian President Mohammed Morsi's government applied for a loan of $4.8 billion shortly after being elected this past August. A team sent by the IMF held a first round of talks with the Morsi government in September.