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Egypt's private sector obtains $ 200 mln to overcome current crisis
Egypt-USA, Economics, 11/26/2001
An official at the U.S. development agency said on Sunday that private sector in Egypt has recently obtained 200 million U.S. as a loan to cope with repercussions of the crisis caused by the September 11th attack on the U.S. and consequences of war against terrorism.
The director of goods importing program in the agency Robert Van Hun told Reporters that the previous loan will be added to around 100 million dollars Donated to Egypt to support its budget and reduce financial burdens caused by the said events.
The American agency also presented aid of a round 2.5 billion dollars for private sector in Egypt, starting from 1986 until 2000.
Previous Stories:
Egypt's exports to US hits $500 million in 6 months
(11/22/2001)
USAID offers egypt le 400 million to boost budget
(11/20/2001)
US aid to Egypt intact, Director of USAID stresses
(11/19/2001)
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