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FinMin rebuts news on resuming loan talks with IMF

FinMin rebuts news on resuming loan talks with IMF
Egypt’s Finance Minister Hani Kadry Dimian has negated the media reports about plans to resume talks with the International Monetary Fund (IMF) over a loan worth $10.4 billion.
In a press release, the minister said the Egypt is keen on continuing ties with the fund and the World Bank, adding that the government will continue to cooperate with the fund in technical support and financing of infrastructure projects.
Egypt’s government invited the IMF to send a delegation before the end of 2014 to conduct regular consultations over the country’s economic position, the minister noted.