Egypt is reluctant to accept an international loan

Kamal al-linked working relationship and friendship with Momtaz Al (European)

The Egyptian government said it is ready to take action to obtain funding from the International Monetary Fund.
 The Finance Ministry said in a statement early to know the fate of the agreement with the IMF to borrow $ 3.2 billion budget deficit, an agreement which was interrupted by recent events.
 The statement, signed an excellent candidate for the post-Saeed, Minister of Finance, who served as deputy finance minister in the government of Essam Sharaf.
 The government sought the honor, which resigned last month to obtain external financing in order to bridge the deepening deficit in the budget.
 Did not announce the new Prime Minister Kamal al, which was mandated by the ruling military junta, the government is formed after the formal.
But leaked the names of a number of new ministers to the local media over the weekend, including Saeed.
 Ganzouri and enjoys a good reputation in the management of the economy back to his time as prime minister during the rule of ousted President Hosni Mubarak in the nineties, but the fact that he worked in the era of Mubarak raises criticism of the protesters.
 And confirms the statement of the Ministry of Finance - apparently - go out and finance minister in the government honor Beblawi firm.
 Prominent faced, who was appointed last July difficulties in the management of foreign support to finance the budget deficit in Egypt.

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 Since the uprising that overthrew President Mubarak last February, Egypt witnessed a decline in tourism and the exodus of foreign investors, resulting in a decrease in foreign reserves, the instability of the local currency.
 Prominent said last month that Egypt would seek to launch formal negotiations for a funding package from the IMF after it refused to help in similar earlier this year because of opposition from the army.
 Source: Agencies