Middle East Economic Survey

VOL. LIV

No 39

26-Sep-2011

EGYPT

Egypt Reconsiders Borrowing From The IMF

The Egyptian government is reconsidering the option of borrowing from the International Monetary Fund (IMF) to finance part of its budget deficit, after having dismissed this possibility in June (MEES, 4 July). Reports from Egypt quote well informed sources that the government, together with the Supreme Council of the Armed Forces are looking into borrowing some $3bn from the IMF to finance...