IMF deal delayed to explain reforms to Egyptians - Israel News, Ynetnews

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IMF deal delayed to explain reforms to Egyptians

Published: 12.11.12, 15:53 / Israel News

Egypt has agreed with the International Monetary Fund to delay a deal for a $4.8 billion by a month after the IMF board had been expected to approve it in December, Finance Minister Mumtaz al-Said said on Tuesday.


"Of course the delay will have some economic impact but we are discussing necessary measures (to address that) during the coming period," he told Reuters by telephone, adding: "I am optimistic ... everything will be well, God willing." (Reuters)


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