US says it supports IMF efforts to aid Egypt
The US says it backs International Monetary Fund efforts to aid Egyptת a statement of support that follows the recent departure from Egypt of Americans on trial over charges that 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 US warning that more than $1 billion in aid to Egypt was at risk. Another potential penalty was possibly using the US 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 US supports IMF efforts to reach a deal and find ways to assist the Egyptian economy. (AP)
