Tag Archives: Egypt Indepedent

Egypt Indepedent – Egyptian Government Temporarily Halts IMF Loan Negotiations – 29 August 2013

Egypt Independent

Hend El-Behary

According to minister of finance, Ahmed Galal, the Egyptian government currently has no intention of carrying forward talks with the International Monetary Fund (IMF) for $4.8 billion in aid, as the country no longer bears austerity policies.
Speaking in an interview with Dream satellite channel on Tuesday, Galal said the government is seeking to achieve an economic policy that could balance the requirements of economical discipline while injecting new investments into the market.