2022-12-01

Responding to inquiries received regarding stopping work on the initiative of the private industrial, agricultural and contracting sectors

The document outlines the suspension of the Industrial and Agricultural Private Sector Initiative, which offered loans at a decreasing rate of 8% to support these sectors. It emphasizes that the suspension does not affect existing loans, which will continue to be repaid at the agreed-upon rate until fully paid off. The document also provides instructions for banks to manage this transition effectively.

Egypt

Central Bank of Egypt

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