Reuters International

Ahmed Kojak, deputy finance minister for monetary policy, speaks during a news conference at the headquarters of the Ministry of Finance in Cairo, Egypt August 4, 2016. REUTERS/Amr Abdallah Dalsh


CAIRO (Reuters) - Egypt is in talks with China to obtain $2 billion (1.5 billion pounds) in financing, Deputy Finance Minister Ahmed Kojak said, without giving further details.

"All the details are with the central bank," he said.

Egypt has reached a staff level agreement for a $12 billion loan program from the International Monetary Fund and must secure around $6 billion in bilateral financing to obtain approval for the program.

(Reporting by Abdelrahman Adel; writing by Asma Alsharif; Editing by Toby Chopra)


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