Financial and Banking News
LOANS AND ISSUES
Netherland Forgives $4.4mn Egyptian Debt
According to an announcement by the Dutch embassy in Cairo on 6 January,$4.4mn worth of Egypt's public sector debt to the Netherlands Government hasbeen forgiven. The debt comprises delayed payments of interest and capitaloutstanding from 1986 and 1987, and will be covered by a grant-in-aid of $18mn.The Netherlands is the first of Egypt's Paris Club foreign creditors to forgiveany...