Egypt seeks new $6bn IDB loan

Cairo - Mubasher: Egypt is seeking to obtain a financing package of $6 billion from the Islamic Development Bank (IDB) through the next three years.

The package will be distrusted in half between financing projects and trade, with the second half being mainly dedicated to purchasing commodities, as well as fuels, sources told Almal newspaper on Tuesday.

Mubasher Contribution Time: 30-Jan-2018 15:39 (GMT)
Mubasher Last Update Time: 30-Jan-2018 15:39 (GMT)