AIIB to back Egypt's private sector with $1bln in financing

Staff Writer, Arab Finance

September 26, 2023

PHOTO

The Asian Infrastructure Investment Bank (AIIB) will provide $1 billion in financing to Egypt to back private sector projects, Asharq Business reported on September 26th, citing Egyptian Minister of Finance Mohamed Maait.

Banque Misr will receive part of the financing and the rest will be utilized in developing Alexandria metro project.

Egypt is also considering the issuance of blue bonds as well as sustainability bonds, Maait added.

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.

ZAWYA NEWSLETTERS

RELATED ARTICLES

ZAWYA NEWSLETTERS

LATEST VIDEO