Negotiations for the loan had dragged on for over a year, as the country's need for cash following the uprising only grew. It had originally aimed for $3 billion in aid but upped the request as the economy deteriorated.Aside from the funding itself, the loan was seen as a key stamp of approval needed by the government to encourage other countries and institutions to lend it more of its expected external needs for the coming years, a figure economists put at over $10 billion.
Egypt Political Crisis Threatens To Worsen Economy
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