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Egypt's economy must get back on its feet - Kerry | |
(about 3 hours later) | |
US Secretary of State John Kerry has said it was "paramount" for Egypt's economy to "get back on its feet" during talks in Cairo. | |
He urged the government to reach a deal on $4.8bn (3.2bn) IMF loan that could help overcome a severe economic crisis. | |
Mr Kerry is also expected to urge the government and the opposition to reach a political consensus after months of protests. | |
His visit comes ahead of elections boycotted by the main opposition group. | His visit comes ahead of elections boycotted by the main opposition group. |
The National Salvation Front (NSF) says electoral laws favour allies of Islamist President Mohammed Morsi in April's parliamentary elections - a charge he denies. | |
Opposition anger | |
"It is paramount, essential, urgent that the Egyptian economy get stronger, that it gets back on its feet," Mr Kerry told Egyptian and US businessmen in Cairo on Saturday. | |
"It's clear to us that the IMF arrangement needs to be reached, that we need to give the market the confidence." | |
Mr Morsi's government agreed the loan in principle last November but it was later put on hold amid continuing street protests. | |
During his two-day visit, Mr Kerry is due to hold talks with Mr Morsi and other senior government officials. | |
Meetings are also planned with opposition leaders, although some of them are refusing to attend the talks. | Meetings are also planned with opposition leaders, although some of them are refusing to attend the talks. |
They are angered by Washington's appeal to reconsider their boycott of the general elections set for next month. | They are angered by Washington's appeal to reconsider their boycott of the general elections set for next month. |
American political traction in Egypt has declined sharply following Mubarak's departure amid mass protests in 2011 , so it is not clear how much Mr Kerry can hope to achieve, the BBC's Jim Muir reports. | |
Egypt remains sharply divided between Islamists and their liberal and secular opponents. | Egypt remains sharply divided between Islamists and their liberal and secular opponents. |
More than 70 people were killed in violence between security forces and protesters following the second anniversary of the revolution. | |
John Kerry's first overseas trip as secretary of state is taking him to 11 countries in Europe and the Middle East. | John Kerry's first overseas trip as secretary of state is taking him to 11 countries in Europe and the Middle East. |
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