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Egypt hopes to sing IMF deal within two months

Egypt hopes to sing IMF deal within two monthsEgypt expects it will take no longer than two months to get final approval for its $12 billion International Monetary Fund lending program, Prime Minister Sherif Ismail said on Monday.

"I imagine that within the coming two months and before the end of the year we will have signed the loan," the prime minister said in an interview with the Egyptian channel CBC.

In August Egypt has already received preliminary approval for the three-year deal aimed at plugging its budget deficit and balancing currency markets. Still the IMF's executive board has to sign it off.
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