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EU official: Egypt requires over $10bn in aid
- Egypt: Thursday, September 13 - 2012 at 11:49
A senior EU official has said Egypt is likely to need more than $10bn in external financing to help revive its economy, battered after a revolt that toppled the country's authoritarian government last year, Reuters has reported. "Egypt will need more than this," the official told a briefing ahead of a visit to Brussels by Egyptian president Mohamed Mursi today. The European Union and other institutions and countries are considering financial support for Egypt in addition to a $4.8bn loan that Cairo has requested from the International Monetary Fund, the official said.
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