{"id":622609,"date":"2018-10-08T04:03:43","date_gmt":"2018-10-08T04:03:43","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/08\/egypt-idb-sign-usd-3-bn-cooperation-framework-for-2019-21\/"},"modified":"2018-10-08T04:03:43","modified_gmt":"2018-10-08T04:03:43","slug":"egypt-idb-sign-usd-3-bn-cooperation-framework-for-2019-21","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/08\/egypt-idb-sign-usd-3-bn-cooperation-framework-for-2019-21\/","title":{"rendered":"Egypt, IDB sign USD 3 bn cooperation framework for 2019-21"},"content":{"rendered":"<p><strong>Egypt, IDB sign USD 3 bn cooperation framework for 2019-21:<\/strong> Egypt and the Islamic Development Bank (IDB) signed a USD 3 bn cooperation framework between them for 2019 to 2021, <a href=\"http:\/\/www.miic.gov.eg\/Arabic\/MediaCenter\/News\/Pages\/%D8%AA%D9%88%D9%82%D9%8A%D8%B9-%D8%A7%D8%AA%D9%81%D8%A7%D9%82%D9%8A%D8%AA%D9%8A%D9%86-%D8%A8%D9%8A%D9%86-%D9%88%D8%B2%D8%A7%D8%B1%D8%A9-%D8%A7%D9%84%D8%A7%D8%B3%D8%AA%D8%AB%D9%85%D8%A7%D8%B1-%D9%88%D8%A7%D9%84%D8%AA%D8%B9%D8%A7%D9%88%D9%86-%D8%A7%D9%84%D8%AF%D9%88%D9%84%D9%89-%D9%88%D8%A7%D9%84%D8%A8%D9%86%D9%83-%D8%A7%D9%84%D8%A7%D8%B3%D9%84%D8%A7%D9%85%D9%8A-%D9%84%D9%84%D8%AA%D9%86%D9%85%D9%8A%D8%A9-%D9%84%D8%A5%D9%86%D8%B4%D8%A7%D8%A1-%D9%85%D9%82%D8%B1-%D8%A5%D9%82%D9%84%D9%8A%D9%85%D9%8A-%D9%84%D9%84%D8%A8%D9%86%D9%83-%D8%A8%D8%A7%D9%84%D9%82%D8%A7%D9%87%D8%B1%D8%A9.aspx\">according to a statement<\/a> from the Investment and International Cooperation Ministry. The framework, which governs funding allocation and cooperation programs between the two, will rest on four avenues of cooperation: renewable energy and sustainable development, infrastructure development, trade and private sector support, and human resources training. The agreements will also see the IDB move its regional headquarters to Cairo. <a href=\"https:\/\/enterprise.press\/stories\/2018\/09\/09\/egypt-signs-agreement-to-unlock-usd-3-bn-of-financing-from-itfc-for-essential-commodities\/\">It is worth noting<\/a> that Egypt signed in September two agreements to unlock a total of USD 3 bn in financing from the International Islamic Trade Finance Corporation, a subsidiary of the IDB.<\/p>\n<p><strong>Separately, Egypt signed an agreement with the UNDP that would unlock USD 31.5 mn in funding<\/strong> from the Green Climate Fund to help mitigate the impact of climate change and rising sea levels in the North Coast, <a href=\"http:\/\/english.ahram.org.eg\/NewsContent\/1\/64\/312768\/Egypt\/Politics-\/Egypts-PM-Madbouly-witnesses-signing-ceremony-of-p.aspx\">Ahram Online reports<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Egypt, IDB sign USD 3 bn cooperation framework for 2019-21: Egypt and the Islamic Development Bank (IDB) signed a USD 3 bn cooperation framework between them for 2019 to 2021, according to a statement from the Investment and International Cooperation Ministry. The framework, which governs funding allocation and cooperation programs between the two, will rest [&hellip;]<\/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":[9285],"tags":[2398,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-622609","post","type-post","status-publish","format-standard","hentry","category-diplomacy-foreign-trade","tag-diplomacy-foreign-trade","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"fcfdd726-2b94-4547-96d8-0ad71bfcbd05","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[622584],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Egypt, IDB sign USD 3 bn cooperation framework for 2019-21 - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/08\/egypt-idb-sign-usd-3-bn-cooperation-framework-for-2019-21\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt, IDB sign USD 3 bn cooperation framework for 2019-21\" \/>\n<meta property=\"og:description\" content=\"Egypt, IDB sign USD 3 bn cooperation framework for 2019-21: Egypt and the Islamic Development Bank (IDB) signed a USD 3 bn cooperation framework between them for 2019 to 2021, according to a statement from the Investment and International Cooperation Ministry. The framework, which governs funding allocation and cooperation programs between the two, will rest [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/08\/egypt-idb-sign-usd-3-bn-cooperation-framework-for-2019-21\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-10-08T04:03:43+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/08\/egypt-idb-sign-usd-3-bn-cooperation-framework-for-2019-21\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/08\/egypt-idb-sign-usd-3-bn-cooperation-framework-for-2019-21\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Egypt, IDB sign USD 3 bn cooperation framework for 2019-21\",\"datePublished\":\"2018-10-08T04:03:43+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/08\/egypt-idb-sign-usd-3-bn-cooperation-framework-for-2019-21\/\"},\"wordCount\":165,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Diplomacy + Foreign Trade\",\"EnterpriseAM\"],\"articleSection\":[\"Diplomacy + Foreign Trade\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/08\/egypt-idb-sign-usd-3-bn-cooperation-framework-for-2019-21\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/08\/egypt-idb-sign-usd-3-bn-cooperation-framework-for-2019-21\/\",\"name\":\"Egypt, IDB sign USD 3 bn cooperation framework for 2019-21 - 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The agreement should be signed at the beginning of next year.","rel":"","context":"In &quot;Banking + Finance&quot;","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":597736,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/02\/world-bank-group-extends-egypts-country-partnership-framework-to-2021\/","url_meta":{"origin":622609,"position":1},"title":"World Bank Group extends Egypt\u2019s Country Partnership Framework to 2021","author":"enterpriseam admin","date":"2 May 2019","format":false,"excerpt":"The World Bank Group (WBG) has decided to extend its Country Partnership Framework (CPF) with Egypt for an additional two years to end in 2021, according to an Investment and International Cooperation Ministry statement (pdf). The CPF, which originally covered 2015-2019, includes a total of USD 8 bn of WBG\u2026","rel":"","context":"In &quot;Diplomacy + Foreign Trade&quot;","block_context":{"text":"Diplomacy + Foreign Trade","link":"https:\/\/enterpriseam.com\/egypt\/category\/diplomacy-foreign-trade\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":594619,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/02\/al-yosr-group-to-borrow-egp-1-1-bn-from-three-banks\/","url_meta":{"origin":622609,"position":2},"title":"Al Yosr Group to borrow EGP 1.1 bn from three banks","author":"enterpriseam admin","date":"2 September 2019","format":false,"excerpt":"Al Yosr Group has signed loan agreements with Banque du Caire (BdC), Suez Canal Bank (SCB) and the Industrial Development Bank (IDB) for a combined EGP 1.1 bn, sources told Al Shorouk. 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