Egypt Considers Raising $2.5 Billion as Economic Pressure Builds
- A drop in tourists, high oil prices have hit the country hard
- The Russia conflict has also put pressure on Egypt’s currency
The Egyptian flag in Cairo, Egypt.
Photographer: Khaled Desouki/AFP/Getty Images
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Egypt is considering raising a loan of about $2.5 billion, according to people with knowledge of the plans, as economic pressure in the North African nation intensifies.