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Egypt to propose new $2bn stimulus package

Cairo, January 5, 2010

Egypt's government will soon propose a third economic stimulus package totalling 11.2 billion Egyptian pounds ($2.05 billion) to parliament, Prime Minister Ahmed Nazif said on Tuesday.

'After we consult with the Shura Council (upper house of parliament), we will present a third stimulus package worth 11.2 billion Egyptian pounds to the (People's) Assembly (lower house),' Nazif told parliament.-Reuters




Tags: Egypt | stimulus package |

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