IMF ready to help Egypt, Lagarde tells president-elect

[World News]

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International Monetary Fund chief Christine Lagarde has personally congratulated Egypt's President-elect Abdel Fattah al-Sisi and stressed the global lender remains ready to help the country, the IMF said Friday. "IMF Managing Director Christine Lagarde spoke to Egyptian President-elect Sisi by phone yesterday to congratulate him on his election," a spokeswoman said in an email to AFP. "The discussion focused on economic issues, and the managing director reiterated the Fund's continued commitment to help Egypt and its people." The IMF had been in talks on a $4.8 billion bailout package for Egypt, which has been coping with violence and economic woes since the 2011 overthrow of president Hosni Mubarak.

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