VOL. XLV

No 29

22-July-2002

EGYPT

IDB Loans $270Mn To Egypt For Oil Imports And Various Projects

The Islamic Development Bank (IDB)is providing the Egyptian Government with a $270mn loan for oil importsandagricultural, transport and service projects. Of the funds $100mn will financeoil imports, another $100mn will be used to purchase wheat from IDB membercountries, $40mn will be used for new grain silos, $7.5mn will go towardsdeveloping a navigational watercourse on the Nile River from Cairo to...