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.
Egypt's central bank
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
received the $2 billion deposit from
on Sept. 26. It was part of a $4 billion
aid package pledged by Kuwait
after the Egyptian army
President Mohamed Mursi on July 3.
Egyptian officials had asked the Gulf Arab oil producer for
the five-year repayment period, consistent with the terms of the
recent aid packages from Saudi Arabia
and the United Arab
had matched pledges by the other two nations, showing
Gulf Arab approval of the Egyptian army
's ousting of Mursi. The
total promised aid to Egypt
is worth $12 billion.