Egypt secures $26.4B from ITFC
The article focused on Egypt's cooperation with the Islamic Trade Finance Corporation (ITFC), which is part of the Islamic Development Bank Group. Since 2008, framework agreements worth up to $26.4 billion have been signed. These financings have supported food security and energy sectors, as well as promoted regional trade, with an investment of $1.5 billion for a 2026 program through agreements with the Egyptian Supply Commodities Authority and the Egyptian Petroleum Authority. Initiatives such as "Aftyás 2" and "The Arab Trade Initiative" are part of Egypt's efforts to enhance food security and energy, with expectations of further collaboration during the upcoming visit of the organization's president in November.
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