Reuters reported that the Egyptian Prime Minister said the country expects to receive $1.5b in loans from the World Bank and African Development Bank (AfDB) by the end of 2015. The decision comes as part of the country’s efforts to boost foreign currency reserves.

Egypt has struggled to revive its economy since the 2011 revolt removed Hosni Mubarak from power. Foreign currency reserves, which stood at about $36b before the 2011 uprising, have more than halved and were $16.335 billion at the end of September.