Egypt will resume talks with the International Monetary Fund on a crucial $4.8 billion loan in January, the country's Prime Minister Hisham Kandil said Sunday.
The talks were suspended earlier this month because of the intensified political turmoil in the North African nation.
In line with the agreement deal reached with the IMF, the Egyptian government had announced tax increases on the sale of a variety of goods, including soft drinks, cigarettes and beer.
However, hours later, President Mohammed Mursi suspended the tax program in wake of strong protests over a controversial new constitution.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.