African Export-Import bank finalises a $3.9bln Egypt package

The package includes $3.55bln for the Central Bank of Egypt and other Egyptian banks to help manage the impact of COVID-19 on the country

  
An employee counts U.S. dollar bills at a money exchange office in central Cairo, Egypt, March 20, 2019.

An employee counts U.S. dollar bills at a money exchange office in central Cairo, Egypt, March 20, 2019.

REUTERS/Mohamed Abd El Ghany.

LONDON- The African Export-Import Bank has finalised a $3.9 billion support package for Egyptian institutions, it said in a statement on Thursday.

The package includes $3.55 billion for the Central Bank of Egypt and other Egyptian banks to help manage the impact of COVID-19 on the country, it said.

It also includes $300 million to the National Bank of Egypt to bolster activities aimed at expanding intra-African trade.

(Reporting by Tom Arnold; Writing by Mahmoud Mourad; Editing by Ulf Laesing and Alison Williams)