Egypt’s petroleum ministry announces to receive $1.1 billion from ITFC to fund commodities import

CAIRO (Debriefer)
2019-12-04 | Since 4 Hour

Reuters news agency reported according to Egypt’s petroleum ministry said on Wednesday

that the International Islamic Trade Finance Corporation (ITFC) will provide Egypt with $1.1 billion to support the import of petroleum products and basic goods in 2020.

The funds are part of a $3 billion agreement between Egypt’s investment ministry and ITFC signed in January 2018.


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