Fri, Jul 05, 2013 at 12:32
Egyptian drivers wait outside in long queues at a gasoline station in Cairo, Egypt. Egypt's political turmoil is dangerous for economic reforms which is awaiting USD 4.8 billion IMF loan. If the loan is put on hold, Egyptians may face a deterioration in the crisis. From worsening fuel shortages and blackouts, there will be a further depreciation of the currency and a depletion of foreign currency reserves that could make importing critical oil and food items difficult.
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