NO. 48


Financial and Banking News

Budgets & Revenues

Sidqi Confirms US Aid to Egypt Totaled $16,077mn since 1985

The US has extended $16,077mn in aid to Egypt since 1985, according to Prime Minister 'Atif Sidqi. In a report to the Egyptian parliament, Mr. Sidqi saidthat $6,696mn had been extended for development projects, $4,577mn for privateand public sector commodity imports, $3,484mn for agricultural imports and$1,320mn in financial transfers.