Egypt settles $1B debt to Turkey, pays Libya $250M: MENA - News Summed Up

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Egypt settles $1B debt to Turkey, pays Libya $250M: MENA


CBE - File photoCAIRO - 2 November 2017:Egypt has paid off the final instalment, worth $200 million, of a $1 billion loan it took out from Turkey in 2012 during former President Mohamed Mursi’s brief tenure in office, state news agency MENA said on Thursday.Egypt also paid Libya $250 million as an instalment towards settling a $1.5 billion loan, Central Bank Sub-governor Rami Aboul Naga told MENA, and would pay two more instalments worth a combined $500 million next year to settle the debt.


Source: Libya Today November 02, 2017 07:41 UTC



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