egypts president british fm agree on loan deal
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Egypt's president, British FM agree on loan deal

Arab Today, arab today

Arab Today, arab today Egypt's president, British FM agree on loan deal

Egyptian President Abdel-Fattah al-Sisi
Cario - ArabToday

Egyptian President Abdel-Fattah al-Sisi met with visiting British Foreign Secretary Boris Johnson on Saturday in Cairo where they agreed on a British loan of 150 million U.S. dollars to assist Egypt's economic reform program, official MENA news agency reported.

The Egyptian president and the British foreign secretary finalized the loan guarantee agreement that is related to assist Egypt with its strict three-year economic reform plan encouraged and financed by a 12-billion-dollar loan from the International Monetary Fund (IMF).

Facing an economic crisis over the past few years of political turmoil and relevant security challenges, Egypt resorted to the IMF loan to face a growing budget deficit and a rising inflation rate and to finance its reform plan that includes austerity measures, energy subsidy cuts and local currency floatation.

During his meeting with Johnson, President Sisi expressed appreciation of British support for Egypt to get the IMF 12-billion-dollar loan, whose first batch of 2.75 billion dollars was handed to the most populous Arab country in November 2016.

The British 150-million-dollar loan will include 18 millions to develop the Egyptian government's technical expertise to guarantee social protection network for the poor amid the austerity measures.

Source: Xinhua

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

egypts president british fm agree on loan deal egypts president british fm agree on loan deal

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

egypts president british fm agree on loan deal egypts president british fm agree on loan deal

 



GMT 15:46 2018 Wednesday ,12 December

Festive Fashion by Dubai-based designer ASMARAÏA

GMT 09:00 2018 Wednesday ,12 December

May tours Europe in desperate bid to save Brexit deal

GMT 13:29 2018 Friday ,14 December

Turkey targets military over alleged Gulen links

GMT 09:12 2018 Wednesday ,12 December

Ford trains 1,600 motorists in Mideast, Africa in 2018

GMT 10:03 2018 Monday ,10 December

23 Palestinians arrested in West Bank

GMT 09:47 2018 Monday ,10 December

Russian ex-policeman convicted over 56 murders

GMT 19:01 2018 Thursday ,04 October

LEAD S. Korean firms offer aid for quake-hit Indonesia

GMT 11:02 2018 Tuesday ,11 December

ASE opens trading on lower note

GMT 14:08 2018 Friday ,14 December

Bank of Russia raises key rate

GMT 17:37 2017 Thursday ,04 May

Heba Rosas reveals foods that improve mood

GMT 05:35 2017 Thursday ,23 March

ECB: Protectionism may raise trade deficits

GMT 02:48 2017 Thursday ,23 November

tour guide sheds light on forest tourism

GMT 05:08 2017 Thursday ,04 May

Rising US oil production knocks OPEC off course

GMT 06:32 2017 Wednesday ,19 April

Volkswagen plans all-electric car for China next year

GMT 08:47 2015 Saturday ,31 October

New York braces for $2bn bumper autumn art sales
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday