People In Cairo Protest Against Proposed $4.8 Billion Loan Deal Between IMF And Egypt

An Egyptian protester chants slogans during a demonstration in Cairo, Egypt, Monday, Nov. 12, 2012. Seventeen Cairo-based groups have sent a letter to the head of the International Monetary Fund and Egyptian prime minister to express their rejection of a proposed $4.8 billion loan being worked out by the two sides. The groups say in their letter sent Monday that the terms of the agreement have lacked full transparency and that in the absence of an elected parliament, the president holds full legislative authority without oversight.

An Egyptian protester chants slogans during a demonstration in Cairo, Egypt, Monday, Nov. 12, 2012. Partial translation of Arabic on the poster, right, reads, “I’m a free Egyptian against loan.”

An Egyptian protester chants slogans during a demonstration in Cairo, Egypt, Monday, Nov. 12, 2012. Arabic on the banner, center, reads, “your making money from our wealth.” <El Shorouk Newspaper/Roger Anis>