As a result of
increasing instability in Egypt, the economy has seen its tourism sectors get
crippled and a constant fall in foreign investment, both important earners of
foreign capital. The inflow of foreign
currency allows for the government to pay for imports, like food and fuel. The
government however hopes to convince the IMF, along with other international
financial institutions, to provide a $ 4.8bn loan “to shore up finances” so
that it can pay for its imports. This, on the other hand, may result in an
increasing national debt and, in the future, Egyptian society may face
austerity measures and other financial constraints as a result of conditions
imputed by these institutions, although there is much to happen before that.
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