No. 48



US Financial Aid To Egypt Estimated At $695Mn In 2001

US financial aid to Egypt for 2001 will amount to $695mn, compared to $735mn in 2000, according the Ministry of Planning on 12 November. The reduction in aid is in line with a US decision to reduce financial aid to both Egypt and Israel over a 10-year period while increasing aid to Jordan. US financial aid to Egypt is expected to drop to $500mn over the 10-year period as a result of the October 1997 US...