The Islamic Development Bank announced on Wednesday (June 15) that it will provide a three-year financing package worth $2.5 billion to help finance infrastructure projects, strengthen private businesses and insure imports and exports in Egypt.
The funds will be used for the construction of a 650-megawatt power station and other projects targeting the development of Egypt’s energy, transportation and education sectors, Agence France-Presse says, citing an IsDB statement.
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