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Morsi described IMF as a “testament to how capable Egypt is in transitioning economically, rather than a funding opportunity”. (AFP Photo /Egyptian Presidency)

IMF loan talks to resume in March

IMF loan negotiations with Egypt are to resume early March after talks were postponed due to the country’s political turmoil and economic slump, Morsi’s recent austerity measures aim to make Egypt eligible for the loan

Daily News Egypt

“The country is running several development projects in the Suez Canal, North Siwa, Nubia, New Valley, Nasser Lake and North Coast,” Morsi said. AFP PHOTO/KHALED DESOUKI

Morsi introduces massive national projects

President Mohmed Morsi made a television appearance yesterday with TV host Amr El-Leithy where he discussed new massive national projects, controversy about usury from the proposed IMF loan and average Egyptian’s minimum wage.

Daily News Egypt

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