Egypt seeks USD 2.35 bn facility from Kuwait-based fund for 17 new projects

Egypt seeks additional USD 2.35 bn facility from Kuwait-based fund for 17 new projects: Egypt is holding talks with the Kuwait-based Arab Fund for Economic and Social Development (AFESD) to obtain a USD 2.35 bn facility to fund 17 new projects, according to an Investment Ministry statement (pdf). In 2018, Egypt received AFESD funding to the tune of USD 352 mn for water, transportation, agriculture, social services, and energy projects.