U.S. to give Egypt budget aid after assurance on IMF - Kerry


CAIRO (Reuters) - The United States will release $190 million (126 million pounds) in budget aid to Egypt following an assurance from President Mohamed Mursi that he plans to "complete the IMF process", U.S. Secretary of State John Kerry said on Sunday.

Cairo says it wants to reopen talks with the IMF on a $4.8 billion loan which was agreed in principle last November but suspended at Cairo's request following street unrest.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In World

India top court grants temporary bail to opposition leader Kejriwal to campaign in elections
Polish PM reshuffles cabinet ahead of European elections
Taiwan rattled by 5.8 magnitude earthquake, no immediate reports of damage
Russian missile strike sets houses ablaze in Ukraine's Kharkiv, officials say
Boater dies just feet from land when he dives in to find cellphone, US cops say
Snapchat is focused on making app safe, CEO Evan Spiegel says
Pandemic treaty talks to the wire, likely to miss first deadline, sources say
Analysis-Why German politicians are facing growing violence
Factbox-Who is Russia's Mikhail Mishustin?
Apple apologises for iPad ‘Crush’ ad after backlash

Others Also Read