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Egypt: CBE launches EGP 100 Billion initiatives to support private sector

Description

On 12 December 2019, the Central Bank of Egypt (CBE) launched EGP 100 billion (approx. USD 6.2 billion) initiative with a lower interest rate of 10% to encourage banks to lend SMEs. Loans will be gran...

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Intervention Details

Intervention Type

State loan

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

12 Dec 2019

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

SMEs

Affected Trading Partners

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Affected Sectors

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Affected Products

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