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Lagarde: IMF 'will not leave table' on Egypt loan talks

The IMF will remain engaged in loan negotiations with Egypt but wants the international community to provide financing too.
21.04.13

This said IMF chief Christine Lagarde on Saturday.

"It's a task and we will not give up, we will not leave the table," Lagarde said at a news conference during the IMF and World Bank spring meetings in Washington.

For several months, the IMF and Egypt have been in talks about a multibillion-dollar IMF loan that is contingent on strong support from domestic political actors and a commitment to key reforms.

Last year the IMF reached a deal in principle to provide a US$4.8 billion loan to help finance the government while it undertakes reforms.

The loan was close to completion in November when political changes in Cairo set it back.

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