- EGYPTFJP News
- August 23, 2012
- 3 minutes read
Freedom and Justice Party: We Will Study IMF Loan Details As Soon As We Receive Them
Mohamed Gouda, official spokesman of the Freedom and Justice Party (FJP)’s Economic Affairs Committee, stressed that there is no confusion or change in the FJP’s position on the International Monetary Fund (IMF) loan.
He further stressed that, back in March 2012, the FJP announced its rejection of the loan, not the International Monetary Fund.
Gouda added that the FJP’s rejection of the loan was because the Government did not provide any data or information on the terms of the loan, how it would be paid back, and how it would be spent, thus forcing the FJP to strongly reject it.
"The FJP never announced rejection or approval of the loan per se. Now, it seeks to inquire of the current government regarding the terms of the loan, how it will be used in investment projects, and how it will be paid back."
Gouda said that after obtaining such information, the FJP will study the facts, and announce its stance with regard to the loan.
"There has been no communication between the FJP and the government, so far. No information about the loan has been received, as yet. The FJP will hold a meeting after obtaining relevant data. Then, it will announce its final position.
"Of course, if the loan is approved, it must be used prudently, efficiently in investment projects that shall benefit the homeland, in addition to speedily repaying the loan through these projects."
