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New IMF deal does not include any extra burdens on Egyptians -finance minister – Reuters.com

CAIRO, March 26 (Reuters) – A potential new International Monetary Fund (IMF) deal does not include any additional burdens on Egyptian citizens, the country’s Finance Minister Mohamed Maiit said on Saturday.

Egypt is in talks with the IMF about potential funds in addition to technical support to hedge against the economic effects of the Russia-Ukraine crisis if it is prolonged, Prime Minister Mostafa Madbouly said on Thursday.

Maiit also said in Saturday’s statement that the Egyptian government is planning for a worst case scenario in light of the Ukraine crisis.

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Reporting by Ahmed Ismail; Writing by Moataz Mohamed; Editing by Alexander Smith

Our Standards: The Thomson Reuters Trust Principles.

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