Regulatory Alerts2025-02-23
Added · Updated
Initiative to Support Priority Industrial Sectors with a Reduced Interest Rate of 15%
The Council of Ministers approved an initiative to support priority industrial sectors with a reduced interest rate of 15%, capped at 30 billion Egyptian pounds for financing machinery and production lines. Eligible private sector clients are limited to 75 million Egyptian pounds individually and 100 million Egyptian pounds with related parties, with priority given to establishments in underdeveloped or border governorates. The Ministry of Finance covers the interest rate differential, subject to performance indicators such as increased local value added, which can trigger further rate reductions, while clients are prohibited from using these funds to pay other banking debts.
Topics
monetary
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