Egypt: Political groups, NGOs reject IMF loan as undemocratic, lacking transparency

A group of 17 political parties, NGOs and human rights associations in Egypt have called for loan negotiations with the International Monetary Fund (IMF) to be ended immediately, citing a lack of transparency and the undemocratic nature of the current development. They are continuing their protests of a potential $4.8 billion IMF loan to Cairo in order to allow the Egyptian government to overcome pitfalls in spending.