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In the year following the implementation of an economic reform package from the International Monetary Fund, Egypt's economy has witnessed the rapid unwinding of financial tensions that had been developing for more than a generation.Over the past year, the country has received the first tranches of a $12 billion loan from the IMF, more than $18 billion from private investors into Egyptian treasury bills, and $7 billion in U.S. dollar-denominated debt.In addition to the myriad political and security challenges facing Egypt in the coming years, three economic issues in particular are prompting investors to hedge their bets.However, as Egypt has plans to purchase more Eurobonds in the coming year, the government could find itself in difficult position when these bonds mature if the economy fails to grow as expected or the value of the Egyptian pound falls.The third challenge looming over the Egyptian economy is more easily avoidable if the government opts to be financially responsible and prioritizes its long-term interests.
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