BREAKING NEWS

IMF says Egypt seeks financial help

By REUTERS

MAY 13, 2011 02:18

WASHINGTON - Egypt has requested help from the International Monetary Fund to help bridge a gap in government funding that will total $10 billion to $12 billion through mid-2012, the IMF said on Thursday.

"They've approached bilateral and multilateral partners, including the IMF, to provide the financial support for what is their homegrown program," IMF spokeswoman Caroline Atkinson said.

She said an IMF team will soon visit Cairo to begin discussions on any lending arrangement but didn't put a figure on how much help the global lender might put up.

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