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Egypt has dropped plans to seek loans from the International Monetary Fund and World Bank, Finance Minister Samir Radwan has said. The move comes after the planned deficit in the 2011-12 budget was revised down from 11% to 8.6% of GDP, Mr Radwan told Reuters news agency. An adviser told AFP news agency the decision had been partly a response to the "pressure of public opinion".
Originally posted by Trolloks
Iceland, now Eqypt, and nearly Greece. It seems people are finaly understanding the "criminal" like deals that the IMF are trying to put through certain countries. Lucky for the Egyptian people, they're government listen to them, unlike Greece.
Originally posted by TheRealTruth84
Great to see another country standing up to the "International Mafia Ferderation." I wish we were as wise....