Egypt awaits up to US$6 billion from the European Union ...Egypt

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Egypt awaits up to US$6 billion from the European Union
Egypt expects to receive about five to six billion dollars (LE246 to LE296 billion) in funding from the European Union soon, according to Egyptian Finance Minister Mohamed Maait in an interview with Asharq Business. Maait explained on Thursday that the new agreement with the International Monetary Fund (IMF) would stimulate foreign support totaling US$20 billion for the economy from the World Bank, the European Union, Japan, and the United Kingdom during the coming period. In the Sunday interview, he added that part of the European aid package will be allocated to the private sector and another part to the state budget. Maait’s statements come after the IMF agreed to increase the country’s s

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