Fri, Dec 13, 2019
A A A
Welcome bhaimia
RSS

Islamic Finance Briefing - Categorized | Bonds (Sukuk), Islamic Law / Economics more

Egypt: Shura Council Economic Committee set to accept $50mln from Islamic Development Bank

Posted on 10 April 2013

The Economic Committee at the Shura Council is set to accept $50m from the Islamic Development Bank (IDB). Ghadi Wali, secretary general of Egypt’s Social Fund for Development (SFD), said that the SFD will employ a number of international experts in order to review the potential outcome and effects of the IDB loan, at a time when the price of Egypt’s currency is decreasing.
She said that the SFD’s goal would be to distinguish between real losses and those suffered as a result of Egypt’s depreciating currency, accrued because of past, current and pending loans accepted by the country’s government. She added that “an American and Swiss expert will be brought in to present the findings of the Committee’s study to the Finance Ministry”………………………………………..Full Article: Source

 
Article link

This post was written by:

Laxman - who has written 19160 posts on Opalesque Islamic Finance Briefing.


Contact the author

Comments are closed.

banner
December 2019
M T W T F S S
« May    
 1
2345678
9101112131415
16171819202122
23242526272829
3031