CAIRO, Jan 20 (KUNA) -- Egyptian Minister of Planning and International
Cooperation Ashraf Al-Arabi said here Sunday his country had already received
USD five billion from Qatar and USD four billion from Saudi Arabia as part of
Arab aid to post-revolution Egypt.
Qatar's USD five billion include one billion in grant and four billion in
deposits, while Saudi Arabia's USD four billion involve USD 500 million in
grant and the remaining in dollar bonds, the minister was quoted as saying by
Egypt's official news agency, MENA.
Furthermore, Turkey has provided USD 500 million to support Egypt's public
budget, as the World Bank will send USD 200 million to Egypt's Social
Development Fund later this month, the minister added.
Egypt and the US had also held negotiations on USD 450 million in aid to
Egypt, to be included in a mutual debt swap program.
He also pointed to debt swap programs with Switzerland, Germany and Italy.
Meanwhile, the minister and Swiss Minister to Egypt Dominique Verger signed
a framework agreement for technical and financial cooperation and humanitarian
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