Arab oil reach allies
Egypt Expects to Receive $7.5b in Foreign Aid
Thursday, 18th August 2016
Egypt aims to raise $21b from international financial institutions and bilateral agreements over the course of three years. The country expects to receive $7.5b in deposits to aid in restoring investor confidence, ease a crippling foreign-exchange shortage, and inalize the International Monetary Fund (IMF) loan worth $12b.