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Asharq Al-Awsat
Asharq Al-Awsat
Business
Asharq Al-Awsat

Egypt Says Negotiations with IMF Ongoing

Egypt International Monetary Fund
Egypt and the IMF are working to "resolve differences" in ongoing negotiations. Reuters

Egypt and the International Monetary Fund are working to "resolve differences" in ongoing negotiations, Finance Minister Mohamed Maiit told Al-Arabiya on Wednesday.

The lender had said on Tuesday in an evaluation of a $5.2 billion stand-by arrangement agreed with Egypt in 2020 that the country needed to make "decisive progress" on fiscal and structural reform.

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