Egypt did not take advantage of USD 8.6 bn facilitated loans from India to African countries -Indian FM official

Egypt has not taken advantage of some USD 8.6 bn of facilitated loans India has offered to African countries over the past decade, despite the loans carrying interest rates of 1.5%, India’s Foreign Ministry Undersecretary Ajit Gupta tells Al Shorouk. Gupta said he does not have information as to why Egypt did not benefit from these loans.