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Thursday, 19 May 2016

Sahar Nasr at Islamic Development Bank to secure USD 3 bn in pledged funding

International Cooperation Minister Sahar Nasr is hoping to cement USD 3 bn in financing petroleum supplies to the EGPC at the 41st annual meeting of the Islamic Development Bank Group’s Board of Governors in Jakarta. To that end, Nasr had been holding meetings with a number of regional finance institutions who have pledged financing for Egypt, and is attempting to secure new loan agreements, Al Ahram reports. Also coming from the meeting, former Saudi Haj Minister Dr. Bandar bin Mohammed Hajjar’s nomination as new President of the was approved, Bahrain’s news agency report

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