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Egypt inks $1.5 bln financing agreement with ITFC

24 January 2023 09:15 (UTC+04:00)
Egypt inks $1.5 bln financing agreement with ITFC

Egypt has signed a $1.5 billion financing agreement with the International Islamic Trade Finance Corporation (ITFC) to fund its trade needs, including for importing energy products and essential commodities, CNBC Arabia wrote on Twitter.

Notably, last year Egypt signed a similar agreement, also worth $1.5 billion, with the corporation, which is headquartered in Jeddah in Saudi Arabia and often funds Egypt’s commodities imports, including grains and petroleum.

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