Egypt and ITFC Discuss Boosting Mutual Relations and Diversification of Cooperation Areas

Rania Al-Mashat, Minister of International Cooperation of Egypt, recently met with Hani Sonbol, Chief Executive Officer of the International Islamic Trade Finance Corporation (ITFC) to discuss boosting mutual relations, as well as diversification of cooperation areas between both sides.

Why it Matters?

Al-Mashat and Sonbol discussed features of the joint cooperation programme scheduled for 2022, which comes within the framework of executing Egypt’s development vision and 2030 sustainable development goals. Al-Mashat stated that there was a possibility of boosting cooperation with ITFC via the Saudi grant for financing small and medium enterprises, which amounts to USD 200 million. Discussions on adding the Egyptian Micro, Small and Medium Enterpr...