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الاقتصادية - CNN
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الاقتصادية

2026-11-08T13:18:00.000Z

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الاقتصادية - CNN

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IsDB to Fund Egypt Banks

IsDB to Fund Egypt Banks

The Islamic Development Bank, through the International Islamic Trade Finance Corporation, plans to make new financing lines available through local banks in Egypt to facilitate trade and stimulate production, while expanding cooperation with the private sector. The initiative is part of preparations for the 2027–2031 cooperation strategy between Egypt and the Bank Group, which focuses on sectors with a strong development impact and on supporting businesses and exports. The Corporation’s CEO noted that its partnership with Egypt began in 2008 and has included five framework agreements, with approved financing exceeding $26.4 billion.

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