Libya gives Egypt $2 bln interest-free loan: MENA
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Posted On: 04/12/2013 2:45:03 AM
Libya gives Egypt $2 bln interest-free loan: MENA CAIRO (Reuters) - Libya will give Egypt a $2 billion five-year, interest-free loan under an agreement signed on Wednesday, the Egyptian state news agency MENA reported. It quoted a finance ministry official as saying the loan would have a three-year grace period and was intended "to support the Egyptian economy and the state budget and foreign currency reserves". The official said the money was expected to arrive next week. Earlier in the day, Qatar agreed to give Egypt $3 billion more in aid by buying Egyptian government bonds. ...
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