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Planning and International Cooperation Minister Fayza Abouelnaga said a US$1 billion loan from the International Islamic Trade Finance Corporation, which is affiliated with the Islamic Development Bank, will be signed on Monday.
The loan would have a 3.25 percent interest rate. In a statement to the press on Thursday, Abouelnaga said money from the loan will be distributed to the Egyptian General Petroleum Corporation and the General Authority for Commodities………………………………………..Full Article: Source
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Egypt: Govt to accept US$1 bln loan from Islamic Development Bank
| Posted on 29 June 2012 |
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