(Al-Masry Al-Youm-Egypt) U.S. Undersecretary of State for Economic Affairs Robert Hormats is set to arrive in Cairo on Tuesday to resume negotiations regarding an economic aid package to Egypt. Sources said the Egyptian government will ask the U.S. to forgive the $3.2 billion debt that Egypt owes the U.S., and to allocate $1 billion to open credit lines for Egyptian goods or to ensure Egyptian bonds issued internationally.
2012-08-28 00:00:00Full ArticleBACK Visit the Daily Alert Archive