Egypt's Morsi reshuffles cabinet ahead of IMF talks | Bangkok Post: news

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Egypt's Morsi reshuffles cabinet ahead of IMF talks

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Egypt's President Mohamed Morsi reshuffled his cabinet on Sunday, reports said, in the face of an economic crisis and ahead of fresh talks with the International Monetary Fund for a $4.8-billion loan. 

Egyptian Finance Minister Mumtaz al-Said (C) rings the bell during the inauguration ceremony of the new premises of Egypt's stock exchange on the outskirts of Cairo on April 12, 2012. The key interior and finance ministries look set to change hands in an Egyptian government reshuffle expected to be announced on Sunday, the official MENA news agency reported.

Ten new ministers were sworn in, including Finance Minister Al-Morsi al-Sayyed Hegazi, whose predecessor Mumtaz al-Said headed the IMF loan negotiations which stalled during political unrest in December.

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