Voice of America: Egypt Promises Speedy Action on Economic Plan

Voice of America Voice of America is an international news and broadcast organization serving Central and Eastern Europe, the Caucasus, Central Asia, Russia, the Middle East and Balkan countries

Egypt Promises Speedy Action on Economic Plan Feb 26th 2013, 19:07 Egypt will send a new economic plan needed to secure a lifeline from the International Monetary Fund to parliament within two days after releasing a summary that makes no mention of cutting subsidies and other politically sensitive measures. Cairo is trying to secure a $4.8 billion IMF loan to shore up its finances as the economy faces a deep crisis rooted in two years of political turmoil that have drained foreign currency reserves to a critical level. The turmoil has driven away foreign ... Media files: A314CDD8-20C6-4A52-BCF4-EACD2C32B1BB_cx0_cy3_cw0_w800_r1.jpg?nocache=1 (image/jpeg, 0 MB)

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