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Egypt may need $ 15 billion from the IMF to avert crisis
Not Egypt has many options to go back to the International Monetary Fund to help it get up to $ 15 billion to avert a financial crisis, including but seems that the junta is trying to postpone it to avoid the blame on the request for funds from the foreign corporation during the administration of the affairs of the country.
Economists say that the funding program worth three billion dollars in Egypt had negotiated with the IMF and then rejected it in June may not be enough now to reduce the administration is governed by the value of the currency and control of the budget deficit.
It adds to the economic woes that weary months of unrest and violence that Moody's lowered the credit rating of Egypt one notch this week and warned that the country may be on the verge of a further cut because of political uncertainty.
Said Mr. Hirsch, an economist at Capital Economics, "this is not enough because it was negotiated, while three billion dollars in June, the situation was very different."
The two ministers who deal finance minister during the transitional process in Egypt and both are now out of office in addition to the Minister of Planning and International Cooperation, which is still in office and the new prime minister to all that Egypt is considering or need help from the International Monetary Fund.
But in most of the times when government officials appears to be approaching the signing of the army blasted show.
Major General Mukhtar Mullah Member of Supreme Council of the armed forces, told reporters this month that is easier on the junta to accept loans from abroad and distribute it to the Egyptian people to live a better life and then hand the power and bear the Egyptian people to pay this debt.
Is associated with the International Monetary Fund in the minds of many Egyptians who follow the financial situation of the country under strict conditions damaged a large part of society, although economists say, and officials acknowledge privately that these measures helped the economy as a whole.
The officials also admitted among themselves that funding did not include the last many conditions is also what she said sources familiar with the talks with institutions in Washington.
Not Egypt has many options to go back to the International Monetary Fund to help it get up to $ 15 billion to avert a financial crisis, including but seems that the junta is trying to postpone it to avoid the blame on the request for funds from the foreign corporation during the administration of the affairs of the country.
Economists say that the funding program worth three billion dollars in Egypt had negotiated with the IMF and then rejected it in June may not be enough now to reduce the administration is governed by the value of the currency and control of the budget deficit.
It adds to the economic woes that weary months of unrest and violence that Moody's lowered the credit rating of Egypt one notch this week and warned that the country may be on the verge of a further cut because of political uncertainty.
Said Mr. Hirsch, an economist at Capital Economics, "this is not enough because it was negotiated, while three billion dollars in June, the situation was very different."
The two ministers who deal finance minister during the transitional process in Egypt and both are now out of office in addition to the Minister of Planning and International Cooperation, which is still in office and the new prime minister to all that Egypt is considering or need help from the International Monetary Fund.
But in most of the times when government officials appears to be approaching the signing of the army blasted show.
Major General Mukhtar Mullah Member of Supreme Council of the armed forces, told reporters this month that is easier on the junta to accept loans from abroad and distribute it to the Egyptian people to live a better life and then hand the power and bear the Egyptian people to pay this debt.
Is associated with the International Monetary Fund in the minds of many Egyptians who follow the financial situation of the country under strict conditions damaged a large part of society, although economists say, and officials acknowledge privately that these measures helped the economy as a whole.
The officials also admitted among themselves that funding did not include the last many conditions is also what she said sources familiar with the talks with institutions in Washington.
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