BREAKING NEWS

Egypt PM to visit donor Qatar amid IMF loan talks

By REUTERS

APRIL 9, 2013 12:32

CAIRO - Egypt's prime minister was due in Qatar on Tuesday for talks with his country's biggest Gulf Arab financial backer as Cairo is negotiating for an IMF loan to hep ease a deepening economic crisis.

Hisham Kandil was to fly to Doha after attending the swearing in of Kenya's new president in Nairobi, his office said. He is due to hold a joint news conference with Qatari Prime Minister Sheikh Hamad bin Jassim al-Thani on Wednesday.

Qatar has provided Egypt with $5 billion in loans and grants since Islamist President Mohamed Morsi was elected last year and diplomats said Cairo was seeking further support as it faces a long, hot summer of power cuts and fuel shortages with or without a $4.8 billion International Monetary Fund (IMF) loan.

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