Kuwait–Egypt's government is still in talks with the International Monetary Fund for a US$3 billion to US$4 billion loan and the country's economy should grow faster next year than in 2011, Finance Minister Samir Radwan said on Tuesday.
"We are still negotiating a loan with the IMF for US$3 (billion) to US$4 billion," he told reporters after a meeting at Kuwait's Chamber of Commerce and Industry.
"Economic growth is unfortunately going down. Our estimate is 2 percent this year … next year it is about 4 percent," he said.
