Egypt says to sign deal for $3.2 billion IMF loan

Egypt's finance minister says Cairo expects to sign a loan agreement with the International Monetary Fund for $3.2 billion next month. The state-run al-Ahram daily of Sunday quoted Mumtaz al-Said as saying that sum would be disbursed in three stages: the first upon the deal's signing, and the second and

third three and six months later, respectively.

Egypt's economy has been badly battered by more than a year of unrest since the February 2011 uprising pushed President Hosni Mubarak from power. (AP)