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Czechoslovakia ant Hungary Lend Egypt $120mn

Czechoslovakia and Hungary have agreed to extend $120mn of soft loans and $60mn of credit guarantees to help finance Egypt's development program, under two agreements signed earlier this month. Czechoslovakia will lend $70mn which is to be repaid over 10 years, including a one-year grace period, at an interest rate of 5% annually. Hungary will provide a loan of $50mn which is to be repaid over 15 years,...