IMF talks to restart in new year
Sunday 30 December 2012
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EmailEgyptian Prime Minister Hesham Kandil said today he expected loan talks with the IMF to restart in the new year.
Negotiations on the £3 billion loan deal were suspended as political turmoil dogged a referendum on the country's controversial new constitution.
The talks were put on the back burner to avoid inevitable fallout from the cocktail of spending cuts and tax rises attached to IMF loan deals.
Mr Kandil urged all polticial parties to put aside their differences and work together.
"There is bright light at the end of this tunnel," he said. "There is a plan and a vision for sure to get out of this tunnel. The length of this tunnel depends on us as Egyptians and on the government for sure."
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