EU says Egypt to receive $6.5 billion in grants and loans
CAIRO (Reuters) - European Council President Herman Van Rompuy, visiting Cairo, said on Sunday the European Union and other financial institutions had offered Egypt over 5 billion euros to support Egypt's democratic transition.
"The European Union and associated financial institutions have offered an amount of more than 5 billion euros, or more than $6.5 bln, in grants, concessional loans and loans for a period of 2012 and 2013 to support Egypt's democratic transition," Rompuy told reporters.
(Writing by Marwa Awad; editing by Andrew Roche)
- Tweet this
- Share this
- Digg this