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CAIRO (Reuters) - Egypt is allocating 127.7 billion Egyptian pounds ($4.14 billion) for its sprawling food subsidy programme out of a 3 trillion pound budget for the financial year starting on July 1, a document seen by Reuters on Tuesday showed.
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Egypt is allocating 127.7 billion Egyptian pounds ($4.14 billion) for its sprawling food subsidy programme out of a 3 trillion pound budget for the financial year starting on July 1, a document seen by Reuters on Tuesday showed.
The invitation went to local and international bancks, said the sources, declining to be identified as the matter is not public
By Nayera Abdallah and Nadine Awadalla CAIRO (Reuters) - Egypt is allocating 127.7 billion Egyptian pounds ($4.14 billion) for its sprawling food subsidy programme out of a 3 trillion pound budget for the financial year starting on July 1, a document seen by Reuters on Tuesday showed. Egypt, a nation of 105 million people, is one of the world's biggest wheat importers and also relies on imports
Month-on-month, urban inflation increased to 2.7% from 1.7% in April