2019-03-18

A circular dated March 14, 2019 regarding financing agricultural cooperative societies within the Central Bank’s initiative for small companies and enterprises

On March 14, 2019, the Central Bank of Egypt decided to expand the beneficiaries of its 2016 initiative offering low-interest loans to small businesses and enterprises to include agricultural cooperatives and farmers transitioning to modern irrigation methods. This expansion aims to positively impact Egypt's economic growth and development by providing much-needed support to the agricultural sector. The decision was communicated to the banks, instructing them to implement the resolution.

Egypt

Central Bank of Egypt

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