2021-12-23

A circular dated December 23, 2021 regarding extending the period of work in the tourism sector initiative and the retail loans initiative for workers in the tourism sector until the end of 2022.

The letter announces decisions made by the Central Bank of Egypt on December 21, 2021, regarding initiatives to support the tourism sector. The key decisions include extending the tourism sector support initiative for an additional year until December 2022, allowing requests for deferment of dues to banks for up to 3 years, and extending the retail loans initiative for tourism sector employees for a year. The letter also mentions the possibility of deferring dues for clients in the tourism sector who previously benefited from the retail loans initiative since its launch in December 2015.

Egypt

Central Bank of Egypt

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