IMF: Egypt must keep commitments for $4.8bn loan

The International Monetary Fund on Tuesday said Egypt can still get its $4.8 billion loan agreed last week despite fresh political turmoil as long as there is “no major change” in its reform commitments.

The IMF also said that the funding, provisionally agreed on November 20, would also hinge on whether other bilateral lenders stick to their loan promises after President Mohamed Mursi issued a decree that granted himself sweeping powers.