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Cutting aid comes as Jared Kushner arrives to Cairo to meet officials eyeing peace process
Proposed bill on assistance “would bring the best out of the Egyptian people” says US senator
The visit follows a statement detailing a drop in the country’s capital and financial accounts’ balance from $3.9bn to $3.8bn, as well a decline in the outflows of portfolio investments caused by foreigners dealing in Egyptian treasury bonds.
Finance Minister Al-Morsi Hegazy will travel to Washington to resume negations over $4.8bn loan during annual joint IMF and World Bank spring meeting
Faces protests by Egyptian expatriates in Berlin
McCain meets president after talks with opposition figures over “economic and political developments”