IMF reschedules Egypt’s loan programme review to 29 July ...Kuwait

News by : (The New Arab) -
A much-awaited third review of Egypt’s loan programme offered by the International Monetary Fund (IMF), initially expected on Wednesday, has been rescheduled for 29 July, amid no official justifications. However, an Egyptian finance ministry source told The New Arab that "the recent cabinet reshuffle had impacted the timing of negotiations between Egypt and the IMF." "The two parties need to talk and discuss several aspects related to the deal given that a new finance minister has been named," the source said, without elaborating further.  "Not much change is expected, anyway. At the end of the day, the minister is an employee who serves at the pleasure of President A

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