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Despite Turmoil, Major Lending Effort Aims to Boost Egypt, Arab Neighbors

posted on December 12, 2012

The Washington Post‘s Howard Schneider reports the United States and a coalition of international lenders are poised to give loans to Egypt and neighboring Arab states whose delicate economies desperately need monetary infusion. However, clashes between protestors and supporters of Egyptian President Mohamed Morsi are bringing further uncertainty, creating more risk for the lenders. Schneider writes that creditors are left to decide if they should “[t]ake a chance on Morsi, or leave the country without a lifeline and surrender the ability to influence the government’s direction,” 

Read at The Washington Post