2020-01-12

A circular dated January 12, 2020 regarding the exhaustion of the amount available for the medium-sized companies initiative at a return rate of 7%.

In Cairo, on January 12, 2020, the Governor of the Central Bank of Egypt discussed the allocation of EGP 5 billion to medium-sized private companies operating in industries such as manufacturing, agriculture, and renewable energy with a return rate of 7%. The initiative was successful so far and therefore it is recommended to pause new funding under this initiative, considering utilizing the initiative that was issued on December 12, 2019. He highly appreciated the efforts of Tarek Amer, Minister of Finance.

Egypt

Central Bank of Egypt

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