Middle East Economic Survey


No 44



Egypt Restarts Loan Discussions With IMF, Waits On Further Arab Aid

Noting on 25 October that local lenders in Egypt had nearly reached the maximum they can lend to cover the countrys budget deficit and help ease its worsening liquidity situation, Egyptian Minister of Finance Hazim al-Biblawi said that the government would now have to seek funds from abroad. Egypt was due to resume talks with the International Monetary Fund (IMF)...