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Thu Apr 12, 2012 5:59am EDT * Minister confident loan will be sealed next month * Muslim Brotherhood won't accept loan without new terms or govt, due in June * IMF had made broad political support a condition CAIRO, April 12 (Reuters) - Egypt's government expects to seal a loan from the International Monetary Fund by May 15, allowing the money to be disbursed before a new president is sworn in at the end of June, the country's Finance Minister Mumtaz al-Saeed said on Thursday.

Egypt's government expects to seal a loan from the International Monetary Fund by 15 May, allowing the money to be disbursed before a new president is sworn in at the end of June, Finance Minister Momtaz al-Saeed said on Thursday. "We expect to get approval of the IMF loan before 15 May," Saeed told reporters in Cairo.

""We were told that if we refused the international community's conditions, we would become the Cuba of the North. But if we had accepted, we would have become the Haiti of the North.""

"instability"

Cairo, Egypt [RenewableEnergyAccess.com] Japan Bank for International Cooperation (JBIC) will loan 10,665 million yen [USD $90,000] to the Arab Republic of Egypt for materials, equipment and consulting necessary for the construction of a 150 MW integrated solar combined cycle power plant in the Kuraymat district, which is about 100 km south of Cairo.

Soft Loans JAPAN extended concessional loans to Egypt in order to assist Egypt to implement large-scale economic infrastructure projects such as Al-Dekheila Integrated Steel Mill and the Suez Canal Expansion Project. Since 1991, Japan has stopped extending new loans because of the debt rescheduling for Egypt, but new three candidate projects were formally applied for the government of Egypt to Japan in 1999.

Eurodad partners and have released a new report on Tunisia, Egypt and Bahrain's debts to Norway During the winter of 2011 the world witnessed a political earthquake in North Africa and in the Middle East. The Arab spring raised several questions around debt cancellation and especially on debt legitimacy.

محمود نجم أكد وزير المالية، ممتاز السعيد، أن صندوق النقد الدولى لم يفرض أى شروط على الحكومة المصرية ونفى ما نشر من تقارير صحفية حول اشتراط الصندوق إقرار موازنة العام المالى المقبل قبل الموافقة على القرض، موضحا خلال افتتاحه لمقر البورصة المصرية الجديد فى القرية الذكية امس، أنه "لا دخل للصندوق بالموازنة من قريب أو بعيد".

محمود نجم أكد وزير المالية، ممتاز السعيد، أن صندوق النقد الدولى لم يفرض أى شروط على الحكومة المصرية ونفى ما نشر من تقارير صحفية حول اشتراط الصندوق إقرار موازنة العام المالى المقبل قبل الموافقة على القرض، موضحا خلال افتتاحه لمقر البورصة المصرية الجديد فى القرية الذكية امس، أنه "لا دخل للصندوق بالموازنة من قريب أو بعيد".

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"If we hear solid partners on the ground say, I am not too sure about this program, not too sure about the IMF, not too sure about borrowing, it is a bit of an issue.""

The government announced in January its plan for a 33 per cent hike in the prices it charges heavy industry for of natural gas and electricity in a bid to narrow its growing budget deficit. Natural gas prices will be raised from $3 to $4 per million British thermal units while electricity prices will climb from LE0.24 to LE0.30 per kilowatt hour.

بلغت نسبة الفاقد فى حصيلة ضريبة الرواتب بموازنة العام المالى الحالى 67.2% من إجمالى إيرادات ضريبة الرواتب، أى ما يساوى 3.420 مليار جنيه، بسبب التهرب الضريبى بحسب دراسة اعدها خالد عبدالنبى محمود مدير دراسات ضرائب الدخل السابق بقطاع الفحص الضريبى بوزارة المالية، وحصلت "الشروق" على نسخة منها.

Egypts,economic,reform,proposals,ignore,social,justice,Civil,group,-,Economy,-,Business

"الحملة الشعبية لإسقاط ديون مصر تدين قرض صندوق النقد"