Egypt govt to discuss IMF assistance on Saturday: PM

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Egypt’s new Prime Minister Hisham Kandil will hold a meeting with members of his government to discuss the next steps on seeking an International Monetary Fund loan, Kandil said.



An IMF deal would help Egypt stave off a budget and balance of payments crisis and add credibility to economic reforms needed to restore the confidence of investors who fled the country after a popular uprising last year.
“We will have a meeting on Saturday headed by me to look into our next steps,” Kandil told reporters in Cairo on Thursday, Reuters reports.