Egypt to receive $368 mln loan from AMF

An agreement on the loan was inked on 26 January between Governor of Central Bank of Egypt Tarek Amer and Director General Chairman of the Board of Executive Directors of the AMF Abdulrahman A. Al Hamidy.

In this respect, the AMF said that it follows closely the developments in Egypt’s economy and the challenges it faces due to the current circumstances, and works through a fruitful partnership with the Egyptian government to help the country contain the different challenges in the most effective way.