Qatar says no more aid to Egypt for now

DOHA, March 11 Mon Mar 11, 2013 3:19am EDT

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DOHA, March 11 (Reuters) - Qatar does not expect to give further financial aid to Egypt in the immediate term, Qatari Finance Minister Youssef Kamal said on Monday.

"We already announced $5 billion," Kamal told Reuters, when asked how much aid Qatar had provided Egypt to date.

Asked whether Qatar expected to provide more, he replied: "Not yet." He did not elaborate.

Qatar has been a key source of foreign aid to Egypt since its 2011 revolution through soft loans and deposits in Cairo's central bank.

With Egypt's foreign reserves falling to critically low levels and a hoped-for $4.8 billion loan from the International Monetary Fund delayed by political unrest, there has been speculation that Cairo could turn to Qatar for yet more aid.

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Comments (1)
ElvisLivesOn wrote:
The world should just shut off the spigot and tell the Brotherhood to look no further than allah for future financial aid. Allah will provide, right?

Mar 11, 2013 4:47am EDT  --  Report as abuse
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