Arab Today, arab today egypt gets 270 million support from arab monetary fund
Last Updated : GMT 09:58:01
Arab Today, arab today
Arab Today, arab today

Egypt gets $270 million support from Arab Monetary Fund

Arab Today, arab today

Arab Today, arab today Egypt gets $270 million support from Arab Monetary Fund

Cairo - Arabstoday

Egypt will receive US$270 million to support its budget from the Arab Monetary Fund this month, the Abu Dhabi-based fund said in an e-mailed statement today. Egypt has so far received $470 million in budgetary support from AMF, to cover its deficit which expanded after the uprising in February that toppled President Hosni Mubarak. The funds are to support the budget, and facilitate the structural correction of the government finance sector, according to the statement.

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