IMF, Egypt start new talks over $4.8bn loan March 18, 2013 - 09:26 AMT PanARMENIAN.Net - A top International Monetary Fund official has begun several more weeks of talks with Egyptian officials over the country's economic reform program to secure a $4.8 billion loan, The Associated Press reported. In an IMF statement, top official Masood Ahmed said he welcomes Egyptian determination to move forward with their economic reform program. The IMF has in the past pushed for reforms in taxation and subsidies before granting loans. Egypt sees the loan as a lifeline to boost critically low foreign reserves and lure back foreign investors. Ahmed met with officials Sunday, March 17 in Cairo, including Egypt's prime minister and the central bank governor. Talks were delayed in December when violent protests erupted and the president was forced to rescind austerity plans. Investors and activists demanded a national dialogue on the changes first. Partner news  Top stories Zvartnots airport will host a press conference on May 24 on the operation of Tel Aviv-Yerevan- Tel Aviv flights. “The increase for energy tariffs is prompted by a price hike for gas used in production,” Garegin Baghramyan said. Earlier, ArmRosgazprom CJSC addressed Armenia’s Public Services Regulatory Commission with an offer to reconsider natural gas prices. Finance Minister linked the step with the collection of air taxes. He further noted that lawsuits were filed by other lenders, too.   Partner news |  Latest news Artsakh President holds working consultation  Bako Sahakyan held a working consultation on establishing disability groups by the Center of medical and social expertise.Europa League winners to get Champions League place UEFA is set to award a place in the Champions League to the winners of the Europa League from the 2014-15 season.Armenian citizens protest against gas price rise Most of the demonstrators consider the ongoing meeting in the National Assembly as illegitimate due to the absence of the consumers.OSCE Minsk Group Co-Chairs meet Azeri President President of Azerbaijan met with OSCE Minsk Group Co-Chairs and Personal Representative of the OSCE Chairperson-in-Office. |
