• HSBC

Egypt to mull $1.8bn stimulus package

  • Egypt: Monday, October 26 - 2009 at 10:22

A new stimulus package worth 10 billion Egyptian pounds ($1.8bn) will be proposed at a conference of the ruling National Democratic Party at the end of this month, a government official told Reuters. 'The government will raise an additional 10 billion pounds to be spent on infrastructure projects such as road building and water treatment to create jobs,' an official with the Ministry of Economic Development told the news service.

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