Last Update 22:54
Sunday, 08 December 2019

Egypt signs $190 mn US grant to support budget

Egypt has signed an agreement on US aid worth $190 million, with US Ambassador in Cairo Anne Patterson in attendance

Ahram Online, Sunday 10 Mar 2013
Egypt signs $190m
US Ambassador to Egypt Anne Paterson (Photo: AFP)
Share/Bookmark
Views: 1956
Share/Bookmark
Views: 1956

Egypt signed an agreement with the US government Sunday under the terms of which it will receive a $190 million grant to back its state budget, reported Al-Ahram Arabic-language news site.

The grant is the first tranche of a US aid package to Egypt worth $1 billion announced by President Barack Obama in May 2011, according to Egyptian Minister of Planning and International Cooperation Ashraf El-Arabi.

El-Arabi said the agreement would be presented to the Egyptian Shura Council (the upper house of parliament) for ratification. The grant is expected to be received before the year’s end.

Short link:

 

Latest

© 2010 Ahram Online.