CAIRO Oct 17 Egyptian Finance Minister Amr El
Garhy said on Monday his country would gather an additional $6
billion in bilateral funding required to secure a $12 billion
International Monetary Fund loan within one or two weeks.
In comments on a talk show aired by local television channel
CBC, he also said the government would submit an investment law
to parliament within "one and a half months or more" and that
Egypt would issue international bonds in the second half of
November or the first week of December.
The IMF in August agreed in principle to grant Egypt a $12
billion three-year loan facility to support a government reform
programme aimed at plugging a budget gap and rebalancing
currency markets. Egypt needs to secure $6 billion in bilateral
support before the deal goes to the IMF board for approval.
(Reporting by Ahmed Aboulenein; Editing by Richard Balmforth)