Egypt-IMF Talks Edge Forward; Budget Deficit Overshoots
Egyptian Oil Minister Fayyad ‘Abd al-Mun’im is optimistic that the negotiations with the International Monetary Fund (IMF) over a long-discussed $4.8bn standby credit facility will be completed by end July.
He denies reports that the IMF is planning to postpone these negotiations until after the Egyptian parliamentary elections slated for later this year (possibly October – although...