CAIRO: The head of the International Monetary Fund's delegation to Egypt, negotiating a $4.8 billion financial package, is still in Cairo and will stay until the team's work is concluded, an IMF spokeswoman said.
Egypt requested the loan in August, and the negotiating team has been in Cairo since the end of October.
"The IMF mission chief is still in Cairo working with the authorities. He will remain until the work has concluded," IMF spokeswoman WafaAmr said by telephone. "There is still more work to be done."
It is the second time the delegation has extended its stay. It had originally been scheduled to leave on Thursday and then on Monday, said a source close to the talks, who asked not to be named. (Reuters)
