Financial And Banking News
AID FLOWS
US Grants Egypt $649mn
The US Agency for International Development (USAID) is to extend $649mn in grants to Egypt under an agreement signed on 21 September. The first tranche of the agreement covers $260mn for economic stability and growth projects, and includes $150mn for a commodity import program as well as a $110mn cash transfer frozen during the previous year pending economic reforms. The second tranche includes $224mn for infrastructure...
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