2021-01-03

A circular letter dated January 3, 2021 regarding extending the work period for the two initiatives for distressed clients, legal persons, as well as companies operating in the tourism sector.

The Chairman of the Central Bank of Egypt, Tarek Amer, announced a new initiative targeting private sector employees aged over 50 with outstanding loans less than 10 million Egyptian pounds. In addition, initiatives have been launched for tourism workers who are also over 50 and owe less than 10 million Egyptian pounds to banks. The measures will give individuals up to six additional months of employment. This move follows the continuing impact of the COVID-19 pandemic and aims to achieve the goals of previously launched programs by extending support to a larger number of affected individuals.

Egypt

Central Bank of Egypt

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