By: Ahmad Awad
Kuwait-Mubasher: The Egyptian government is in negotiations with Kuwait for securing dollar deposit to back the country’s cash reserves, according to two sources preferred to remain anonymous.
The sources noted that the deposit may reach $2 billion, with an interest rate of 3%.
Egypt will negotiate with Kuwait to secure a loan or a deposit for boosting the Egyptian budget, said the international cooperation minister in Egypt Sahar Nasr said on the side lines of a conference held in December.
