Diplomacy + Foreign Trade

Germany waiting on parliament approval for USD 250 mn debt swap with Egypt

by enterpriseam adminEgypt Edition15 May 2019

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Germany plans to lend Egypt USD 250 mn this year as part of a debt swap arrangement that was suspended in 2011, Germany’s ambassador in Cairo Georg Luy said, according to Amwal El Ghad. The financing is still pending approval from the Bundestag, Luy said, without providing further details on the agreement.

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Diplomacy + Foreign Trade Finance Germany

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