Egyptian Prime Minister Hazem el-Beblawi
Cairo - Mohammed Al Dawi
Egyptian Prime Minister Hazem el-Beblawi has claimed that the United States would support Egypt's bid to secure a loan from the International Monetary Fund (IMF).
Speaking to reporters, Beblawi said that the US Treasury Minister Jack Leo had expressed Washington's readiness to support the Egyptian economy.
On Thursday, the IMF said it does not plan to restart negotiations about a possible $4.8 billion loan to Egypt until the country’s military-backed transitional government gains recognition from the global community.
"It's a case of the international community...its institutions, its nations, coming together and recognising a particular government," said IMF deputy spokesman William Murray, adding that "until that happens, and until our members make a decision on the Egyptian government, we're going to keep our context technical (at the technical level)."