IMF team to resume talks in Egypt next week
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An International Monetary Fund team will arrive in Cairo next week to resume discussions on a $4.8 billion loan that Egypt has requested to shore up its finances, an IMF spokeswoman said on Wednesday.
Egypt desperately needs financial support to plug budget and balance of payments deficits that have mushroomed since the popular uprising last year that ousted President Hosni Mubarak. (Reuters)