ICEC

Egypt’s portfolio of loans and grants hit $22.5 billion: minister

Egypt was given $22.5 billion worth of loans and grants over the past period, said Minister of International Cooperation Sahar Nasr on Wednesday.

“The ministry’s loan and grant portfolio consists of $11.5 billion received throughout the last ten months, while the remaining amount was provided earlier”, Nasr said.

35 percent out of the $11.5 billon, grants and loans amounted to $3.8 billion and $7.7 billion, respectively, she added.

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