The Egyptian Minister of Finance, Samir Sayyad, has recently said that his country?s economy shrank during the first three months of this year by 7% due to slow economic activities following the protests the country has witnessed which led to a significant decline in tourism and investments. The minister said that his country got a promise from the World Bank of a loan worth $ 2.2 billion with an interest rate of 3% paid in 18 years.
� 2011 Al Bawaba (www.albawaba.com)
Source: http://www1.albawaba.com/main-headlines/egypt-economy-deep-crisis
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