A
handful of international financial institutions have offered to finance
Egypt's economy following the recent 25 January uprising, newly-appointed Finance Minister Samir Radwan said on Wednesday.
handful of international financial institutions have offered to finance
Egypt's economy following the recent 25 January uprising, newly-appointed Finance Minister Samir Radwan said on Wednesday.
“Offers were made by the World Bank and the African Development Bank,” he said.
During the Sharm El-Sheikh
economic summit in January, Radwan had signed a memorandum of
understanding between the Arab League and World Bank to finance small
businesses and train young entrants to the Arab labor market.
economic summit in January, Radwan had signed a memorandum of
understanding between the Arab League and World Bank to finance small
businesses and train young entrants to the Arab labor market.
"We're
concentrating now on the state budget deficit, which reached LE100
billion in the 2009/10 fiscal year,” Radwan said. “We will look into
these offers once things are back to normal.”
concentrating now on the state budget deficit, which reached LE100
billion in the 2009/10 fiscal year,” Radwan said. “We will look into
these offers once things are back to normal.”
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