2019-12-15

A circular dated December 12, 2019 regarding the private industrial sector initiative

In an effort to support the industrial sector and reduce imports and unemployment rates, the Central Bank of Egypt has launched an initiative to provide 100 billion Egyptian pounds in funding to private industrial companies with annual revenues between 50 million and 1 billion Egyptian pounds. The funds will be offered through banks at a decreasing annual interest rate of 10%, with priority given to companies in the fields of exports, import substitution, and renewable energy. This initiative aims to boost local production and achieve sustainable development.

Egypt

Central Bank of Egypt

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