Egypt: Campaigners launch new salvo against IMF loan

Egyptian campaigners launched a fresh salvo against government plans to borrow from the International Monetary Fund (IMF) on Saturday, claiming further foreign loans would mean repeating the 'economic disasters' of the Mubarak era. Calling for a full audit of Egypt's debt bill, campaigners took aim at the ousted president's economic legacy - privatisations, soaring public debt, delapidated services and corruption - for which they hold the previous policies of the IMF and several major development banks jointly responsible.