Share this story
Close X
Switch to Desktop Site

US financing commodities for purchase by Egypt

The United States has signed an agreement to provide Egypt with $300 million to help it buy US commodities, the Agency for International Development announced. The funds, of which $230 million is a grant and $70 million a loan, will help Egypt buy goods it needs to increase production and employment. Over the past six years, the US has financed more than $1.5 billion worth of US exports to Egypt, such as fertiliz ers, pesticides, and food crops, the agency said.

Follow Stories Like This
Get the Monitor stories you care about delivered to your inbox.