Both presidential and parliamentary elections would follow shortly afterwards and a transitional cabinet would be named.
While senior military officials worked to assemble a transitional cabinet, enraged members of the Muslim Brotherhood held demonstrations around the country to protest Morsi's removal.
The May accord, brokered by Egypt, called for a transitional unity cabinet of unaffiliated technocrats to prepare for presidential and parliamentary elections within a year.
On Feb. 2, the World Bank said Egypt had requested a $1 billion loan, while in late January, International Cooperation Minister Fayza Abul Naga, a holdover from the Mubarak government in the transitional cabinet, said Egypt would ask for an additional $500 million from the African Development Bank.
Chancellor Philip Hammond has suggested there is a consensus in the cabinet for the need for a transitional period of several years to minimise the disruption from Brexit - which would "look a lot like the status quo" in many ways.
Mr Hammond has said the cabinet is united behind the need for a transitional period of up to three years after Brexit, a period of time in which he said many arrangements would "remain very similar to how they were the day before we exited the European Union".
Mari Alkatiri, the economics minister in the transitional cabinet, believes they will succeed.
It provided for a Transitional Federal Parliament and a Transitional Federal Government, which consisted of a president, a prime minister, and a cabinet called the Council of Ministers.
Philip Hammond's preference for a transitional period after the UK leaves the EU could refer solely to a period of adjustment for customs and border staff, rather than retaining any trading or free movement rights, a former cabinet minister has said.
