Islamic Development Bank to lend Egypt US$330 million
The International Islamic Trade Finance Corporation, which is affiliated with the Islamic Development Bank, is giving Egypt a loan worth US$1.2 billion in total. The loan aims to provide basic and strategic commodities. The second part of this loan, US$330 million, is being prepared by several local and regional banks. It is intended to be used for importing wheat and food commodities.
Read more on: http://www.egyptindependent.com/news/islamic-development-bank-lend-egypt...
Syndicate
