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Tuesday, 30 June 2020

Egypt talks potential financing for SOE upgrades, EgyptAlum expansion with int’l lenders

Egypt talks potential financing for SOE upgrades, EgyptAlum expansion with int’l lenders: International Cooperation Minister Rania Al Mashat and Public Enterprises Minister Hisham Tawfik discussed potential funding to restructure 70 state-owned enterprises and finance the government’s EGP 13 bn plan to expand state-owned Egypt Aluminium with officials from several international lenders yesterday, according to a statement (pdf). The lenders included the World Bank, the African Development Bank, the International Finance Corporation, the European Bank for Reconstruction and Development and the European Investment Bank.

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