IMF’s Egypt Loan Is Mideast Test Case

Egypt is heading into a month of complex internal and external negotiations to secure a financing package from the International Monetary Fund, a critical test of how the global lender can support new governments born of the Arab Spring revolutions.

The Egyptian government hopes to wrap up a deal by mid-November, just weeks after a visit by an IMF team, said Egyptian Finance Minister Mumtaz Al Said in an interview Saturday in Tokyo, where he was attending the IMF’s annual meeting. “We are in agreement on most of the issues,” he said.

The IMF loan, expected to be about $4.8 .

http://online.wsj.com/article/SB10000872396390443854204578058703824706178.html

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