VOL. XXXI

NO. 30

2-MAY-1988

Financial and Banking News

AID FLOWS

Egypt Receives Grants from the US and Japan

The US agreed on 22 April to grant Egypt $11.2mn to finance a public financeadministration project. Japan has also agreed to grant $300mn ($2.4mn) topart-finance the country's economic development program. Total annual Japaneseaid to Egypt is approximately $26mn.