Egypt’s minister of finance Amr El-Garhy said Thursday that he expects his country to receive financial foreign grants worth EGP 1.1 billion in the fiscal year 2017-2018.
During a press conference to announce the budget draft for the fiscal year 2017-2018, the minister noted that the volume of foreign grants could not be estimated accurately, adding that it depends on negotiations made by the Egyptian government with other countries.
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