Global Trade Alert
Global Trade Alert

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Egypt: USD 1.6 billion funding from Islamic Development Bank to enhance private sector participation in economic activities.

Description

On 4 February 2025, the Egyptian Government and the International Islamic Trade Finance Corporation (ITFC) signed an agreement to fund the Egyptian General Petroleum Corporation (EGPC) with USD 800 mi...

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Intervention Details

Intervention Type

State aid, unspecified

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

04 Feb 2025

Revocation date

No revocation date

Implementation level

IFI

Affected flow

Inward

Announced as temporary

No

Eligible firms

firm-specific

Affected Trading Partners

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Table

Affected Sectors

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Affected Products

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