#Egypt opposition urges government to reject IMF loan

Opposition leaders in Egypt say the country should refuse a multi-billion dollar loan from the International Monetary Fund. They’re worried about the terms the IMF will insist on before they agreeing to release the money. Egypt has been negotiating for months with the organisation over the four point eight billion dollar package. Supporters of the deal think it will stabilise Egypt’s struggling economy and attract more foreign investment. Growth in Egypt is at just 3 percent – well below the rate needed to create jobs for the country’s unemployed. Al Jazeera’s Anita McNaught reports from Cairo.

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