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Egypt - Expert says IMF will not give loan to Egypt with current administration due to failed economic programs - cash crisis developing

sharon sanders

Editor-in-Chief & President
machine translation

Former IMF official: Egypt will not get a loan under the current system
Tuesday, July 2, 2013 - 14:21
Economic expert, Dr. Fakhry Faki
Economic expert, Dr. Fakhry Faki
Wrote Mary Badr al-Din
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He said economic expert, Dr. Fakhry Feki, a former adviser International Monetary Fund, said that Egypt can get the loan in only one case is the fall of the current system, which put economic programs failed and is well thought out, pointing out that access to Egypt a loan of the International Monetary Fund dwindle under the rule President Mohamed Morsy and his government. pointed Fiky that if approved any point to give us any loans would be against the conditions are extremely harsh pose a great danger to the national security of Egypt. added Fiky it must replace those existing people and mentalities are better able to manage things economic, political, pointing to the that the current government in a real bind, having exhausted all loans and deposits, which recently acquired from different Arab countries.

http://www1.youm7.com/News.asp?NewsID=1144902&SecID=297
 
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