Egypt: PM hopes for IMF agreement by end-Oct

Prime Minister Hisham Kandil said on Tuesday that Egypt would invite the International Monetary Fund to visit for talks about a loan facility at the end of October and said he hoped to reach an agreement 'by that time'. Egypt, which has launched negotiations for a $4.8 billion IMF loan but has also indicated it may want more, urgently needs support to prop up state coffers weakened by turmoil since the popular uprising last year that ousted President Hosni Mubarak.