U.S. working with G7 countries to fund IMF Egypt program

By David Lawder WASHINGTON (Reuters) - The United States views the International Monetary Fund's proposed $12 billion bailout for Egypt as "essential" and is working with other G7 economic powers to ensure that it is fully funded with bilateral financing, a senior U.S. Treasury official said on Tuesday. Nathan Sheets, Treasury undersecretary for international affairs, told a policy forum that the United States supports the IMF's Egypt program and believes that reforms required by the IMF will be