(MENAFN- Qatar News Agency) Director of the Middle East and Central Asia Department in the International Monetary Fund (IMF) Masoud Ahmed said Saturday that talks with Tunisia to loan the Arab spring country $1.78 billion will not be used to handle the 2013 budget deficit.
He told Radio Sawa that the loan will be used to face any other future hiccups. He added that the Tunisian authorities were currently putting the final touches on its request for the loan, although he admitted that the recent assassination of political opposition figure Shoukry Belaid could delay an agreement.
On the latest with the loan to Egypt, Ahmed said that the IMF advised the Egyptian leadership to work on earning the trust of local and foreign investment.
He added that the leadership in Egypt will have to take into consideration the social and economic factors that could affect the economic reform necessary for Egypt to obtain the loan.
He stressed that the IMF understand the necessity of not hurting the middle and lower class with the required economic reform and expressed the fund's willingness to see those reforms applied gradually.
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