EGYPT
Egypt Secures $450Mn In Loans
Cash-strapped Egypt has secured two loans totaling $450mn from the Islamic Development Bank (IDB) and the World Bank to fund a number of projects. The IDB approved a $250mn loan to finance the Helwan power station, following a meeting on 7 August in Cairo between Egypt’s President Muhammad Mursi and IDB President Ahmad Muhammad 'Ali. Egypt is currently facing power outages and any improvement in supply would be...
Please log in to read the rest of this story.
You may purchase access to entire
MEES digital archives by subscribing.
This subscription gives you access to all the content of MEES digital archives up to 1978!