Canada lends Egypt $37 million

Published January 16th, 2002 - 02:00 GMT
Al Bawaba
Al Bawaba

The Canadian government has recently agreed to lend Egypt $37 million as a low interest loan. Egypt will use this loan to finance equipment and supply procurements from Canada, reported Al-Hayat . The Canadian Minister of Immigration has recently visited Egypt to discuss ways of helping Egypt in overcoming its recent liquidity crisis. — (menareport.com)

© 2002 Mena Report (www.menareport.com)