Cairo: International Monetary Fund (IMF) on Tuesday said that it will help Egypt to restart growth and deal with other economic challenges.
Notably, the IMF declaration comes close on the heels of Mohamed Morsi’s selection as Egypt's first civilian President following a month of political turbulence.
Since late last year, the IMF has been discussing with the country's interim leadership a possible $3.2 billion loan with Cairo to help it bridge fiscal shortfalls while restructuring the economy and financial system.
Although, it was unable to firm up the loan program due to the absence of a permanent government in the country.