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Publish Date : 10-Jan-2013

Egypt\'s government should endorse a US$4.8 billion IMF loan agreement and propose it to the Egyptian people as its own as part of steps to stabilise its economy, the head of the world lender said on Tuesday.

\"The IMF needs to have the commitment of the political authorities that can actually endorse the programme, own it, and propose it to the population as theirs,\" Christine Lagarde told journalists during a visit to Ivory Coast.

\"Based on what I\'ve heard from my director of the Middle East, we are at a good tipping point for that. And I\'m pleased that the mission will be resuming its activities on the ground shortly,\" she said.

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