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.
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