EGYPT

Egypt Signs For Loans/Grants Worth $533Mn 

Egypt in the last week of December signed agreements for a $270mn loan from the Arab Monetary Fund (AMF) and grants totaling €202.5mn ($263.5mn) from the European Union (EU). The AMF loan is the second tranche of a total of $470mn that the fund agreed to provide to Egypt for budgetary support. The agreement for the first tranche of $200mn was signed in November 2011 (MEES, 28 November 2011). Egyptian Minister of Planning and...