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Cairo – Investment loans provided to farmers and agricultural projects in Egypt rose by 20.6% year-on-year (YoY) to EGP 16.7 billion in fiscal year (FY) 2019/2020, compared to EGP 13.8 billion, according to data by the Central Agency for Public Mobilization and Statistics (CAPMAS) on Thursday.
Short-term loans increased by 8.2% YoY to EGP 5.7 billion in the year ended 30 June 2020, while medium-term loans grew by 45.6% to EGP 10.2 billion, data showed.
Meanwhile, long-term loans granted to farmers and agricultural projects went up by 24.1% YoY to EGP 858.1 million in FY19/20.
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