The government’s USD 2 bn syndicated bank loan has been finalized and is awaiting approval in the House of Representatives, Finance Minister Mohamed Maait told CNBC Arabia (watch, runtime: 00:45), confirming earlier press reports of ongoing talks with 10 international banks. The facility will reportedly be divided into a USD 1 bn Islamic financing tranche and a USD 1 bn ESG tranche set to target green projects under the Finance Ministry’s green financing framework, local media said last week.

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