ITFC to Extend USD 1.1 Billion in Financing Solutions to Egypt in 2021

The International Islamic Trade Finance Corporation (ITFC), member of the Islamic Development Bank (IsDB) Group, is to provide Egypt with USD 1.1 billion worth of financing solutions in 2021, according to local media reports.

Hala El-Said, Minister of Planning and Economic Development and Egypt’s Governor at the ITFC, along with Egypt’s ministers of international cooperation, petroleum and mineral resources, supply and internal trade, industry and trade, witnessed the signing of the ITFC financing programme for Egypt on the 13th of January 2021 at a virtual event.

The financing programme is anticipated to provide Egypt with finances, projects as well as programmes to facilitate trade, extend corporate support, boost competitiveness and build capacities of...