CEOAFRICA.com has received from Egypt that the country’s Central Bank will accept a sum of $2 billion in aid from Kuwait.

The money which would stay in the apex bank for five years is part of $4 million pledged by the Kuwaitians in helping Egypt to restructure its deplorable economy.

Kuwait's state news agency said the package would comprise a $2 billion central bank deposit, a $1 billion grant and $1 billion in oil products.

It would be recalled that Kuwait, along with Saudi Arabia and the United Arab Emirates pledges to assist Egypt with some grants following series of unrest recorded when the military ousted President Mohammed Morsi.

The aid from the three Gulf Arab oil producers is expected to help Egypt avoid a balance of payments crisis and overcome fuel shortages that partly caused a wave of public anger against Morsi.

This grant will also ease pressure on Cairo to conclude long-running talks with the International Monetary Fund on a $4.8 billion loan. But a surging fiscal gap will remain a pressing challenge for the Egyptian government.