May 12 2012 |
more articles from
|
Muslim Brotherhood wants new government before IMF loan
The deputy supreme guide of the Muslim Brotherhood and one of its most powerful figures, Khairat El-Shater, has said that his organisation and its political arm, the Freedom and Justice Party, told members of the Supreme Council of the Armed Forces (SCAF) and officials from the International Monetary Fund (IMF) that a proposed $3.2 billion IMF loan should be postponed until after this month's presidential elections.El-Shater also said in remarks at a meeting with members of the American Chamber of Commerce in Egypt that the Muslim Brotherhood agrees in principle with the loan as long as there is no other option to save the economy, but believes the deal should not be finalised by an interim government. "The loan should be postponed until a new government is formed because the new government might not find the terms of the deal suitable," he stated. "The government that signs the deal of the loan should be responsible for repaying it," he added.
El-Shater pointed out that the Brotherhood respects all agreements that Egypt is signatory to as long as the other parties are committed to the terms of these agreements.
© Copyright Zawya. All Rights Reserved.
More in Egypt
Oddly Enough
- What's in a name? U.S. starts using Myanmar as well as Burma
- Marijuana waste helps turn pot-eating pigs into tasty pork roast
- Man climbs onto dome of St Peter's to protest Italian politics
- Prague metro plans to launch love train for singles
- Powerball jackpot grows to a record $600 million
- There's More
Post Your Comment