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EU says Egypt to receive $6.5 billion in grants and loans
January 13, 2013 / 2:54 PM / 5 years ago

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.

European Union President Herman Van Rompuy of Belgium makes a statement at the Finnish Prime Minister Jyrki Katainen's official residence in Helsinki October 12, 2012. REUTERS/LEHTIKUVA/Vesa Moilanen

“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

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