West AsiaBusiness

Egypt Seeks IMF Loan To Boost International Economic Confidence

In this Wednesday, Jan. 2, 2013 file photo, Egyptian brokers work at the stock market in Cairo, Egypt. As Egypt begins the latest round of talks with the International Monetary Fund for a $4.8 billion loan, the government says it will boost international confidence in its economy. However, critics question whether the president’s Muslim Brotherhood group has the ability to carry out unpopular austerity measures ahead of crucial parliamentary elections that will take place in the coming months.

In this Wednesday, Jan. 2, 2013 file photo, Egyptians count money at a currency exchange office in downtown Cairo, Egypt. <AP Photo/Khalil Hamra, File>

Author's other articles

Leave a Reply

Your email address will not be published. Required fields are marked *

This advertisement is an automatically served Google AdSense ad and is not affiliated with this site.
Back to top button