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2 Mar 2013

Kerry to stress need for Egypt consensus for IMF deal

Author: admintech | Filed under: World

U.S. Secretary of State John Kerry poses for a photograph with Arab League Secretary General Nabil El-Arabi after their meeting in CairoCAIRO (Reuters) – Secretary of State John Kerry will stress the importance of Egypt achieving political consensus for painful economic reforms needed to secure an IMF loan, a senior U.S. official said on Saturday. Kerry arrived in Egypt on his first visit to the Arab world since taking office for talks with the leaders of a country mired in political and economic crisis two years after the overthrow of autocrat Hosni Mubarak. With Egypt's pound and foreign currency reserves sliding, the official said that if Cairo could agree on a $4. …

Source: http://news.yahoo.com/kerry-stress-egypt-reach-imf-deal-u-official-120829097.html