The Egyptian government has finalized a $2 billion syndicated bank loan that it pending for the approval of the House of Representatives, Finance Minister Mohamed Maait told CNBC Arabia.

Earlier, the government held talks with 10 international banks to secure the loan.

The facility will reportedly be divided into a $1 billion Islamic financing tranche and a $1 billion ESG tranche set to target green projects under the Finance Ministry’s green financing framework.

Copyright © 2021 Arab Finance Brokerage Company All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info).

https://www.zawya.com/mena/en/story/Egyptian_government_finalizes_2bln_syndicated_bank_loan_Maait-SNG_263651541/