- WND - http://www.wnd.com -

Impoverished Libya lends $2 billion to Egypt

Egypt will receive a $2 billion loan from the Libyan government.

Egypt will pay back the interest-free loan over five years with an additional three-year grace period.

Last month, Libya's General National Congress denied reports that the CBE would receive a $2 billion deposit from the Libyan government, news of which had followed the arrest in Cairo of three former Libyan officials linked to the Muammar Gaddafi regime.

Read more: english.ahram.org