egypt withdraws request for imf world bank loans
Last Updated : GMT 09:07:40
Egypt Today, egypt today
Egypt Today, egypt today
Last Updated : GMT 09:07:40
Egypt Today, egypt today

Egypt withdraws request for IMF, World Bank loans

Egypt Today, egypt today

Egypt Today, egypt today Egypt withdraws request for IMF, World Bank loans

Cairo - AFP

Egypt has withdrawn its loan request to the International Monetary Fund and the World Bank, an adviser to Finance Minister Samir Radwan told AFP on Saturday. "We have decided not to have recourse to loans from the international financial institutions," Abdelfattah al-Gebali said. He said the decision was taken in response to the "pressure of public opinion," which has been largely hostile to the loan request, and after the submission of a new draft budget for 2011-2012 that foresees a reduction in public spending.

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egypt withdraws request for imf world bank loans egypt withdraws request for imf world bank loans



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