Negotiations have been under way between Egypt and the International Monetary Fund (IMF) for the fourth review of the loan programme offered by the global lender to be held on time, amid news of the meeting being rescheduled for October. "Any delay is likely to place Egypt in an unenviable position for the government is committed to cover due payments in US dollar to foreign oil and gas companies amid a shortage of foreign cash," an Egyptian government official told The New Arab on condition of anonymity for not being authorised brief the media. "The government is expected to face a shortage of cash to cover for foreign debt in case the review meeting is delayed," the
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