Kuwait gives Egypt 5 years to repay $2 billion deposit: Egyptian PM | Reuters

Kuwait gives Egypt 5 years to repay $2 billion deposit: Egyptian PM | Reuters:

"The Gulf Arab state of Kuwait will allow Egypt to repay a $2 billion central bank deposit over five years instead of the current one-year timeframe, Egypt's interim prime minister said on Sunday.

Kuwait agreed to give Egypt the extended repayment period for the deposit, Prime Minister Hazem el-Beblawi said in an interview aired late Sunday night on a private television channel.

Egypt's central bank received the $2 billion deposit from Kuwait on Sept. 26. It was part of a $4 billion aid package pledged by Kuwait after the Egyptian army overthrew Islamist President Mohamed Mursi on July 3."

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