Turkish Prime Minister Recep Tayyip Erdogan is due in Egypt on 17 November for talks on boosting ties between the two countries, foreign ministry spokesman Amr Roshdi said on Saturday.
He said details of the trip were agreed upon during talks in Ankara on Friday between Foreign Minister Mohamed Kamel Amr and his Turkish counterpart, Ahmet Davutoglu.
Erdogan is to be accompanied by a delegation of 12 ministers, making it “the largest in the history of diplomatic relations between the two countries,” the spokesman said in a statement received by AFP.
Egypt’s Finance Minister Momtaz al-Saeed said last month the two countries had reached agreement on a Turkish loan of US$1 billion (LE787 million) as part of an aid package of $2 billion to support the troubled Egyptian economy.
Political instability since last year’s overthrow of former President Hosni Mubarak has damaged Egypt’s major revenue earner, tourism, and led to a drop in foreign investments and deepened the budget deficit.
Tags: finance minister, Momtaz al-Saeed, President Hosni Mubarak, Amr Roshdi, Recep Tayyip Erdogan, on Friday, on Saturday
Turkish Premier Recep Tayyip Erdogan on Tuesday said that Turkey’s debt to the International Monetary Fund (IMF) was 23.5 billion USD in 2002 due to stand-by agreements and that this debt went down to 1.7 billion USD in 2012.