An International Monetary Fund delegation was in Cairo Monday for talks on a 4.8-billion-dollar loan to Egypt as the pound plummets and concerns over its the economy rises, dpa reported.
President Mohammed Morsi is expected to meet the delegation headed by IMF Middle East and Central Asia director Masood Ahmed.
The talks taking place for over a year were interrupted by deadly protests in Egypt last month.
The IMF said the delegation would "discuss with the authorities the most recent economic developments, their policy plans for addressing Egypt's economic and financial challenges, and possible IMF support for Egypt in facing these challenges."
Opposition groups that are against seeking a loan say the IMF and the World Bank conditions on previous loans under the Hosny Mubarak regime led to wide-scale privatization with a negative impact on the economy.
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