2021-02-15

A circular dated February 15, 2021 amending some provisions of the tourism initiative issued under the guarantee of the Ministry of Finance

In a letter dated February 15, 2021, the Central Bank of Egypt announces modifications to the terms of a tourism sector financing initiative launched in June 2020. The changes, agreed upon with the Ministry of Finance, aim to further support the tourism industry and its employees amid the ongoing COVID-19 crisis. Key amendments include an increased funding cap for clients, an extended grace period until the end of 2021, and the ability for companies to benefit from a hotel and transport fleet renovation initiative.

Egypt

Central Bank of Egypt

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