Donor country meetings are scheduled to commence in Sharem El-Sheikh on February 5, reported Al-Hayat . Participating countries are expected to approve new financial aid to Egypt. The European Union is likely to approve one billion euros ($865 million) in loans to Egypt in the near future. The European Investment Bank and Spain are also expected to provide the North African country with 100 million euros ($86 million) in aid. The World Bank is expected to provide $1.5 billion to Egypt over the next three years. — (menareport.com)
© 2002 Mena Report (www.menareport.com)
