** People rescuing an injured passenger from inside a passenger bus hit by a truck on Dhaka-Mawa Expressway in Shologhar area of Shreenagar upazila in Munshiganj on Thursday. ** Motorcycles allowed on Padma Bridge after 10 months ** Commuters charge extra fare, passengers disappointed ** 78 people killed in Yemen stampede ** Moon sighting committee meets today to ascertain Eid day ** 9 killed in road accidents in 3 districts ** US announces new $325 m military aid package for Ukraine ** Eid-ul-Fitr in Saudi Arabia today ** Eid exodus begins ** LPG price cut illusive ** 15 hurt as bus overturns in capital ** New interbank cheque clearing timings set for Eid holidays ** Four women hit by a train die in Tangail ** 12.28 lakh SIM users left Dhaka on Tuesday ** Sylhet engineer threatened over power outage ** People rush to village homes to spend Eid holidays with their near and dear ones. This photo was taken from Sadarghat Launch Terminal on Tuesday. NN photo ** Surge in cases of dehydration, diarrhoea amid summer heat wave ** Padma Bridge construction cost increases by Tk 2,412cr ** PM gives Tk 90m to Bangabazar fire victims ** Textile workers block highway demanding wage, Eid bonus ** Attack on PM's motorcade Ex-BNP MP, 3 others get life term ** Load-shedding increases for demand of electricity during heat wave ** Motorbikes to be allowed on Padma bridge from Thursday ** 5-day Eid vacation begins from today ** Take Nangalkot train accident as a warning about negligence of govt functionaries **

IMF ready to help Egypt : Lagarde

08 June 2014

AFP, Washington :
International Monetary Fund chief Christine Lagarde has personally congratulated Egypt's President-elect Abdel Fattah al-Sisi and stressed the global lender remains ready to help the country, the IMF said yesterday.
"IMF Managing Director Christine Lagarde spoke to Egyptian President-elect Sisi by phone yesterday to congratulate him on his election," a spokeswoman said in an email to AFP.
"The discussion focused on economic issues, and the managing director reiterated the Fund's continued commitment to help Egypt and its people."
Sisi, who won nearly 97 percent of the vote in last week's polls, faces a tough task to restore stability and revive a battered economy amid fears of a return to autocracy. He is to be sworn in Sunday.
The IMF had been in talks on a $4.8 billion bailout package for Egypt, which has been coping with violence and economic woes since the 2011 overthrow of president Hosni Mubarak.
But the discussions broke off last year due to political instability after the military overthrew the country's first freely elected leader, Mohamed Morsi.
On Thursday, an IMF spokesman said the global lender is providing technical assistance on tax issues and other matters to Egypt, and an IMF technical team had been in Cairo from April 27 to May 2.
"Broadly we stand ready to support Egypt and we look forward to engaging in a dialogue with the authorities on the policy actions and wide ranging structural reforms needed to address the challenges ahead," spokesman Gerry Rice said.
The spokesman said that Egyptian authorities and the IMF agreed in April, to hold an IMF review of Egypt's economy, known as an Article IV consultation, after the presidential election.
No mission dates have been scheduled yet for the review, he said.

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