VOL. XLV

No 27

8-July-2002

EGYPT

US Gives $202Mn In Aid To Egypt

The US has provided $202mn to Egypt to support the countrys economicreform process, the US Embassy in Cairo announced on 1 July, adding thatthe funds were a further demonstration of the US commitment to assist Egypt during a period of economicdifficulty. The $202mn is related to progress made in several important areasof economic policy, with $150mn recognizing and supporting Egyptian Governmentefforts to combat money laundering and...