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Egypt signs $1.6 bln deal with ITFC to finance work programs for 2025

Egypt and the International Islamic Trade Finance Corporation (ITFC) signed a $1.6 billion deal on Monday to finance the annual work program.
09.02.25 | Source: Ahram Online

The deal was announced by the Ministry of Planning, Economic Development, and International Cooperation announced on Tuesday.


The signing also included the annual work program for the Islamic Corporation for the Development of the Private Sector (ICD) in Egypt for 2025.


The action aligns with the government’s plan to enhance private sector participation in economic activities.


Kamel Al-Wazir, Deputy Prime Minister for Industrial Development and Minister of Industry and Transport; Sherif Farouk, Minister of Supply and Internal Trade; and Rania Al-Mashat, Minister of Planning, Economic Development, and International Cooperation, attended this event.

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