VOL. XL No. 1912-May-1997
Egypt Pledged $2.5Bn In Aid
Donor countries have pledged to grant Egypt a total of $2.5bn in aid, $1.5bn inthe form of grants and $1bn in concessional loans. In addition, donor countrieshave said that Egypt would have access to nearly $1bn in long-term developmentloans. A breakdown of the pledges has not been given. The Egyptian Minister ofPublic Enterprise Sector and the minister responsible for privatization, Dr. 'Atif'Obeid, said that part of the money pledged...