Financial and Banking News

AID FLOWS

US Lends Egypt $60mn 

The US Agency for International Development (USAID) and Egypt's Ministry of Planning signed six agreements on 13 May worth around $60mn covering urban health, rural services, technology transfer, manpower development and the study of mineral, petroleum and water resources. The latter project involves a $9mn allocation to the Egyptian General Petroleum Corporation (EGPC) to conduct aero magnetic surveys of the Nile Delta...