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Revenues from Egypt’s vital tourism sector plunged last year because of the unrest that led President Hosni Mubarak to step down.
Tourism Minister Mounir Abdel-Nour said the number of tourists to Egypt dropped by over a third to less than 10 million and revenue was down by almost 30 percent.
The shortfall has led to a budget deficit and forced Cairo to ask the International Monetary Fund for loans.
It has asked for a $3.2 billion support package and an IMF delegation has been visiting Cairo.
More about: Business, Economic crisis, Hosni Mubarak, Tourism, Unrest in EgyptCopyright © 2013 euronews
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