US says it supports IMF efforts to aid Egypt

Associated Press + More

WASHINGTON (AP) — The U.S. says it backs International Monetary Fund efforts to aid Egypt — a statement of support that follows the recent departure from Egypt of Americans on trial over charges their pro-democracy organizations fomented unrest.

The lifting of a travel ban eased a diplomatic dispute over the case between the longtime allies, with the U.S. warning that more than $1 billion in aid to Egypt was at risk. Another potential penalty was possibly using the U.S. vote on the IMF board to reject aid for Egypt, which is seeking a loan agreement for more than $3 billion.

But the State Department said Saturday the U.S. supports IMF efforts to reach a deal and find ways to assist the Egyptian economy.

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