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US embassy denies reports Obama will reduce Egypt’s debt

American government looking into possible means of assisting Egypt in the wake of its revolution

Ahram Online, Monday 9 May 2011
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The US embassy has refuted a report published yesterday in The Washington Post claiming that American President Barack Obama will offer Egypt $1 billion in debt relief. ‎
    
The embassy said the US administration is still discussing possible ways to financially assist ‎‎Egypt, whose chronic economic difficulties have been exacerbated since the January 25 Revolution.

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