Realist News (Jsnip4)

Full Version: Egypt withdraws request for IMF, World Bank loans
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Egypt has withdrawn its loan request to the International Monetary Fund and the World Bank, an adviser to Egyptian Finance Minister Samir Radwan told AFP on Saturday.

"We have decided not to have recourse to loans from the international financial institutions," Abdelfattah al-Gebali said.

He said the decision was taken in response to the "pressure of public opinion," which has been largely hostile to the loan request, and after the submission of a new draft budget for 2011-2012 that foresees a reduction in public spending.

http://www.nowlebanon.com/NewsArticleDet...z1QKi8eZiw

Let those behind the International Maffia Federation feel it!
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