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Country-Plan Projects and Tenders |
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6632 Subject |
55 مليون يورو من ايطاليا لتمويل المشروعات الصفيرة والمتوسطة والصناعات Italy extending Egypt a Euro 55 million credit line to support small & medium sized projects and industries at relaxed terms. |
| Date Published | Monday, July 26, 2004 |
| Source Name | Al Hayat |
| Location Name | Country Wide |
| Description | Italy has extended a Euro 55 million credit line to support small & medium sized projects and industries at relaxed terms. A final agreement of the first trench of that line worth Euro 10 million was already signed. The credit is for repayment over 25 years including 12.5 years grace period and bears 1 % annual interest. Implementing agency is NBE - National Bank of Egypt and it would re - lend the money at a rate ranging 4 - 7 % with grace periods ranging 1 - 3 years and repayment periods ranging 3 - 7 years. |
| Sectors Section |
Beneficiary Sectors - Economy Economy |
