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Posted On: 04/17/2013 10:15:12 AM
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Posted By: testuser
Egypt-IMF talks "haven't failed": presidency

A photographer takes pictures through a glass carrying the International Monetary Fund logo during a news conference in Bucharest CAIRO (Reuters) - Negotiations between Egypt and the International Monetary Fund have not failed, the president's office said on Wednesday after an IMF delegation left Cairo without agreement on a $4.8 billion loan needed to ease a severe economic crisis. "Talk that the IMF talks failed is inaccurate as this delegation was technical and was not authorised to sign a deal with the Egyptian government and there were many positive results from the talks especially from the Egyptian government side," presidential spokesman Omar Amer told reporters. ...



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