{"id":599373,"date":"2019-06-26T04:00:18","date_gmt":"2019-06-26T04:00:18","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/26\/egypt-to-sign-second-tranche-of-trade-financing-agreement-with-itfc-in-july\/"},"modified":"2019-06-26T04:00:18","modified_gmt":"2019-06-26T04:00:18","slug":"egypt-to-sign-second-tranche-of-trade-financing-agreement-with-itfc-in-july","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/26\/egypt-to-sign-second-tranche-of-trade-financing-agreement-with-itfc-in-july\/","title":{"rendered":"Egypt to sign second tranche of trade financing agreement with ITFC in July"},"content":{"rendered":"

EXCLUSIVE- Egypt to sign second USD 1.5 bn tranche of trade financing agreement with ITFC in July: <\/b>The Egyptian General Petroleum Corporation (EGPC) and General Authority for Supply Commodities (GASC) are expected to sign contracts for the USD 1.5 bn second tranche of a USD 3 bn trade finance facility with the International Islamic Trade Finance Corporation (ITFC) in July, ITFC CEO Hany Sonbol told Enterprise on the sidelines of the Afreximbank annual meetings in Moscow. The ITFC has pledged<\/a> USD 3 bn in trade finance this year, half of which Egypt has already received. The funds are used for imports of petroleum derivatives and basic commodities.<\/p>\n","protected":false},"excerpt":{"rendered":"

EXCLUSIVE- Egypt to sign second USD 1.5 bn tranche of trade financing agreement with ITFC in July: The Egyptian General Petroleum Corporation (EGPC) and General Authority for Supply Commodities (GASC) are expected to sign contracts for the USD 1.5 bn second tranche of a USD 3 bn trade finance facility with the International Islamic Trade […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[7106,72,845,2380,132],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-599373","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-debt","tag-enterpriseam","tag-international-islamic-trade-finance-corporation","tag-speed-round","tag-trade","wpautop","entry"],"acf":{"mongo_id":"9dcf9140-5d97-4f55-8d9d-acbd727395ab","is_powered_by":true,"section_story_id":"9498d53f-aa9d-4349-84b1-c074c7b554c2","story_type":"1","photo_url":"","photo_position":"above","related_issue":[599358],"teaser":"","voice_url":""},"yoast_head":"\nEgypt to sign second tranche of trade financing agreement with ITFC in July - 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Sonbol yesterday met with the planning\u2026","rel":"","context":"In "Development finance"","block_context":{"text":"Development finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/development-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/1\/387.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":624418,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/09\/egypt-signs-agreement-to-unlock-usd-3-bn-of-financing-from-itfc-for-essential-commodities\/","url_meta":{"origin":599373,"position":4},"title":"Egypt signs agreement to unlock USD 3 bn of financing from ITFC for essential commodities","author":"enterpriseam admin","date":"9 September 2018","format":false,"excerpt":"Egypt signs agreement to unlock USD 3 bn of financing from Islamic Trade Finance Corp. for essential commodities: Egypt signed on Thursday two agreements to unlock a total of USD 3 bn in financing from the International Islamic Trade Finance Corporation, a subsidiary of the Islamic Development Bank. 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