ITFC, Egypt discuss boosting cooperation

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Updated 07 November 2021
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ITFC, Egypt discuss boosting cooperation

  • The corporation has already provided financing worth $2.3 billion to Egypt’s General Authority for Supply Commodities and General Petroleum Corporation, up from an initial program of $1.1 billion, the statement added. 

Egypt is in talks with the International Islamic Trade Finance Corporation (ITFC) to increase cooperation and finance projects aiming to help small and medium enterprises (SMEs), the Egyptian ministry of International cooperation said in a statement. 

The corporation has already provided financing worth $2.3 billion to Egypt’s General Authority for Supply Commodities and General Petroleum Corporation, up from an initial program of $1.1 billion, the statement added.