ArabFinance: Egypt has secured $10.3 billion from bilateral and multilateral lenders in 2021, recent data by the International Cooperation Ministry.
Around $8.7 billion of the loans were allocated to the public sector, while the remaining $1.6 billion went to private-sector initiatives.
By far the biggest chunk of funding to the public sector came in the form of a $2 billion loan under a framework agreement between Egypt, the French government and the French Development Agency (AFD).
The second-largest financing agreement was a $1.4 billion facility from the International Trade Finance Corporation (ITFC) for basic commodities imports including wheat and other foods, followed by a $962 million loan, also from the ITFC, for the import of petroleum products and more basic commodities.
Copyright 2022 Arab Finance Brokerage Company All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info).