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...
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