2020-06-29

A circular dated June 29, 2020 amending some provisions of the tourism initiative issued under the guarantee of the Ministry of Finance

The letter, dated June 29, 2020, announces amendments to a financial initiative for Egypt's tourism sector, offering loan facilities to cover three months of employee wages and basic maintenance and operation expenses, guaranteed by the Ministry of Finance. Changes include extending the loan period to three years, with a one-year grace period, and removing a requirement to prove no reduction in workforce or wages since December 2019.

Egypt

Central Bank of Egypt

Show thumbnail