The United States said on Sunday, it will give Egypt, Egyptian President Mohammed Moore west promised to take the pain of economic reform, to ensure that the IMF loan needed aid budget of $250 million.
The American secretary of state country John Kerry (John Kerry) announced that funding after meeting, Moore west and recognition of Egypt "extreme islamist government needs" as used slides reserves less worrying level and the budget deficit soaring struggle.
Cairo said, hoping to reopen negotiations and the international monetary fund in the $4.8 billion loan, agreed in principle on November last year are suspended in the Cairo requirements, in the next month, due to violent street protests.
"In view of Egypt's extreme demand and the President's guarantee of the west, he plans to complete the process of the IMF, today I advised him to the United States will provide now the first $190 pen material dollars, we are committed $4.5 million budget support funds," kerry said, in the end of the visit Cairo in a statement.
"190 million dollars" $100 million U.S. President barack Obama promised in 2011 years later, the part of the people's uprising in Egypt.
Kerry also said that the United States will release $60 million of Egypt the enterprise fund, the purpose is to support the private sector in the small and medium-sized enterprise.
However, American diplomats suggest that further assistance in Egypt will depend on the economic and political reform.
"The United States wants to do more," he said. "When Egypt difficult steps to strengthen its economic construction, political unity and justice, we will contact our congress at home more support."
Reform a spur
Kerry of money as a "good faith efforts to promote reform, and help the people of Egypt in this difficult time". On Saturday, he said it was "the most important, necessary, urgent" economy to stand up.
However, and shame budget deficit, which is rapid growth as a slide in the Egyptian pound, pushing up the cost of energy and food subsidies, import, most of which have been use scarce yuan.
Send Egypt to the IMF's reform plan, the government in this fiscal year's deficit for 18.97 billion Egyptian pound ($2.8 billion) or 10.9% of economic output. Even if the hypothesis of economic reform, and no such action deficit to 12.3% of GDP, prediction.
Egypt's political and economic turmoil away foreign investors and many visitors - foreign currency it need a lot of wheat and the main source of fuel imports.
Two years after the fall, huth hosni mubarak, Egypt's ruling islamists and left and liberal opposition between, most of them have announced they will boycott parliamentary elections next month serious differences.
Last Sunday, Cairo appeals court has ordered, politics is full of retrial, hosni mubarak, and his two sons and senior assistant began on April 23,, 9 days before the election, start.
The first trial, his people's uprising, swept across the Middle East and north Africa Arab rulers, hosni mubarak ordered the killing demonstrators in 2011 was sentenced to life in prison, but was awarded 1 month in Cairo court in review.
Kerry finished his visit, the liberation of the Square in Cairo (Tahrir Square), the center of the revolution, the demonstrators clashed with security forces, the police is trying to clear the demonstrators and open Square, transportation, witnesses said.
Unidentified attackers set fire to a police car near the Egyptian museum, the treasure of ancient Egypt in the show, the state news agency MENA reported.
Safety and medical sources said, hundreds of people were injured in the police and protesters said, the conflict between the Suez Canal, the port city.
Egypt's army says, the Facebook page of an officer was injured, his legs and security forces killed one soldier was killed and he was shot in the neck "unknown element".
April IMF DEAL?
Treasury secretary aluminum Moore west aluminum sayed · HeJiaJi optimistic that IMF agreement can be sealed in the first four stages under the vote to get in the way of April 22. "I hope, I hope the deal can be in before the election," he told reporters."
Economists are divided into those who see such schedule too optimistic and those who believe in Egypt can't hold out much longer without the help.
From $3.6 billion in January before the mubarak collapse down to $13.6 billion of foreign exchange reserves, and Egyptian pound dropped 8.2%, because the central bank in the end of the auction began 12 dollars.
Due to this week's reserves number is expected to present a continue to decline further below $15 $- 3 months for the import of wrongdoing, economists said.
However, any transaction price may be very high. Egypt to send the IMF's increase, gasoline and diesel prices forecast, because it involves curb soaring energy subsidies under pressure, the cabinet officials said Sunday.
The government plans to continue to support the most need to fuel prices, in July implementation rationing system. But, the egyptians in this plan will face a jump price, may be sparked anger, and sometimes if implementation.
Officials, who is part of the cabinet's economic team, told Reuters, once arrived in Cairo talks loans will increase to the IMF team. "The new price include economic reform plan will be submitted to the IMF's mission," the official said, who did not wish to be named.
State news agency of the Middle East and north Africa's oil minister monkshood laden Ben card Wallace le quoted description estimate, and that has not made any decision. According to the calculation, the use of 90 octane number of gasoline will jump out from 1.75 to 5.71 Egyptian pound ($0.85) a litre, diesel will rise from 1.10 to 5.21 pounds.
 



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