Qatari Finance Minister Youssef Kamal (Photo: Reuters)
Qatar does not expect to give further financial aid to Egypt in the immediate term, Qatari Finance Minister Youssef Kamal said on Monday.
"We already announced $5 billion," Kamal told Reuters, when asked how much aid Qatar had provided Egypt to date.
Asked whether Qatar expected to provide more, he replied: "Not yet." He did not elaborate.
Qatar has been a key source of foreign aid to Egypt since its 2011 revolution through soft loans and deposits in Cairo's central bank.
In January, Qatar's prime minister Sheikh Hamad bin Jassim Al-Thani said his country does not want to see Egypt go bankrupt.
"Qatar will stand by Egypt and the Egyptian people's needs," Al-Thani said.
As part of its assistance to Egypt's struggling economy, the oil-rich state provided Egypt with $1 billion in grants, and deposited $4 billion in the Central Bank of Egypt (CBE). Qatar is seen as one of the main international supporters of a Muslim Brotherhood led Egypt.
With Egypt's foreign reserves falling to critically low levels and a hoped-for $4.8 billion loan from the International Monetary Fund delayed by political unrest, there has been speculation that Cairo could turn to Qatar for yet more aid.
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