Egypt’s FinMin Says Committed To Economic Reform, IMF Loan Talks Ongoing

Egypt’s finance minister Dr. Al-Mursi Al-Sayed Hegazy asserted that Egypt is committed to implementing the reform program aiming to achieve economic, financial and social stability in the medium and long term.

In a release made on Wednesday, Hegazy said the negotiations with the International Monetary Fund (IMF) over US$4.8 billion loan sought by Egypt to plug its current budget deficit are ongoing.