ITFC provides trade funding to Egypt
Published by: Andrew Mizner at 15/01/2021 Egypt will benefit from USD 1.1 billion through a new programme from the International Islamic Trade Fina.
Egypt will benefit from USD 1.1 billion through a new programme from the International Islamic Trade Finance Corporation.
The
International Islamic Trade Finance Corporation (ITFC) has agreed a new programme which will provide USD 1.1 billion to Egypt in the form of integrated trade solutions.
The ITFC, part of the
Islamic Development Bank Group (IsDB), previously provided USD 3 billion to Egypt in a programme that ended in 2018. That funding was intended for food commodities, crude oil and petroleum, as well as to strengthen value chains, help the growth of small and medium-sized enterprises (SME) growth and develop trade.
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