The International Monetary Fund (IMF) has accepted the Egyptian government's desire to temporarily delay the loans. The IMF aims to support the Egyptian economy until determining the exact needs of Egypt's economy. The IMF said the fund is committed to providing Egyptian authorities with financial and consulting support. The IMF confirmed its desire to continue to cooperate with the Egyptian government. It emphasized that it will resume dialogue with the government about monetary policies. The fund will send a delegation to Egypt to start dialogue in the upcoming days. The IMF expressed its desire to achieve Egypt's objectives of keeping the social and economic stability while pushing the Egyptian economy on-track. This would lead to achieving growth and resolving the unemployment issue. The IMF's step came after receiving a message from Egyptian authorities saying they will amend their new 2011-2012 budget. Egypt clarified that it decided to abstain from borrowing from abroad in the short-term, as the amended budget aims to reduce the deficit from 11 to 8.6 percent of Egypt's GDP. Therefore, the government doesn't need any financial arrangements with the IMF.