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UK signs $150 million loan agreement with Egypt
March 15, 2017
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CAIRO: British ambassador to Cairo John Casson and Egypt’s Minister for Investment and International Cooperation Sahar Nasr signed a joint declaration of intent paving the road for a UK loan guarantee of $150 million to help Egypt implement its economic programme, the UK embassy said.

The joint declaration was agreed upon by UK Foreign Secretary Boris Johnson and Egyptian President Abdel-Fattah El-Sisi during a Cairo visit by Johnson in February.

“The UK is Egypt’s top economic partner at this vital moment for the economic reforms,” Casson had said. “We are supporting Egypt’s government in reforms to bring back new investments and entrepreneurship,” he said.

Reuters

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