European Investment Bank to give Egypt US$2.1 billion

The European Investment Bank will give 1.5 billion euros (US$2.1 billion) to Egypt between 2011 and 2013 for projects including housing and water, the state-run Middle East News agency reported, citing EIB Vice President Philippe de Fontaine Vive Curtaz.

It didn’t provide further details about how the money will be provided to the North African country, where a revolt toppled President Hosni Mubarak in February.

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