WASHINGTON - The United States on Saturday reaffirmed its backing for Egypt's efforts to get a $3.2 billion loan from the International Monetary Fund, despite the recent diplomatic standoff between Washington and Cairo over American pro-democracy activists.
Egypt, coming off the uprising that overthrew Hosni Mubarak who had ruled for 30 years, is in talks with the IMF for a loan to help it stave off a financial crisis.
"The United States continues to support the efforts of the IMF to conclude an economic reform and stabilization program with Egypt and remains in close touch with other donors on ways to assist the Egyptian economy," State Department spokeswoman Victoria Nuland said in a statement.
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