Mon 11 to Sun 17 Feb 2013

Egypt completes revised economy reform plan


Egypt completes its revised economic reform plan, which needed to be adjusted in order for the Arab Republic to receive a $4.8 billion loan form the International Monetary Fund (IMF).

Following the completion of the plan, Egypt will invite the IMF task force to pay a visit to the country and continue negotiations on the loan, which is considered crucial to its economy. 

Egypt was "waiting for concluding the revision of the economic and social reform programme, in light of the developments witnessed in Egypt ... and the recent package of tax amendments," Finance Minister Al-Mursi Al-Sayed Hegazy said.

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