Cairo – Mubasher: Egypt has increased its stake in the capital of International Islamic Trade Finance Corporation (ITFC) by 240 shares worth $2.8 million, the cabinet said Wednesday.
The corporation has granted Egypt $5 billion since inception in 2008 through four framework agreements for financing the import of oil products and food commodities.
ITFC operates with an authorised capital of $3 billion, distributed across 300,000 shares.
