Egypt Secures $230 Million from Japan to Support Budget ...Egypt

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Egypt Secures $230 Million from Japan to Support Budget
Egypt reached an agreement to receive USD 230 million (EGP 11 billion) in funding from Japan in support of the government’s budget, Minister of Finance Mohamed Maait revealed in a statement to Asharq Business on 29 April. Maait’s comments came during a sidelines interview at the World Economic Forum in the Saudi capital of Riyadh. “Egypt looks forward to deepening economic and trade cooperation with Japan to achieve sustainable development,” Maait mentioned during his meeting with Governor of Japan Bank for International Cooperation (JBIC) Hayashi Nobumitsu. Maait added that the agreement with Japan arrived in light of the recent loan expansion agreement with the International Monetary Fund

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