Financial and Banking News

Aid Flows

West Germany Provides Egypt with $72mn in Loans and Grants

The West German government has agreed to provide Egypt with DM145mn ($72.5mn)within the framework of the development aid program during this year, accordingto an embassy official in Cairo on 20 September. He said that DM20mn will beallocate to the Industrial Development Bank to consolidate and develop the smalland medium industries, DM60mn will be used to modernize public...