{"id":628675,"date":"2018-05-10T04:21:23","date_gmt":"2018-05-10T04:21:23","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/10\/the-ifc-plans-to-invest-another-usd-1-5-bn-in-egypts-private-sector-this-year\/"},"modified":"2018-05-10T04:21:23","modified_gmt":"2018-05-10T04:21:23","slug":"the-ifc-plans-to-invest-another-usd-1-5-bn-in-egypts-private-sector-this-year","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/10\/the-ifc-plans-to-invest-another-usd-1-5-bn-in-egypts-private-sector-this-year\/","title":{"rendered":"The IFC plans to invest another USD 1.5 bn in Egypt\u2019s private sector this year"},"content":{"rendered":"

<\/a> INVESTMENT WATCH- The IFC confirms it plans to invest another USD 1.5 bn in Egypt\u2019s private sector this year. <\/strong>The International Finance Corporation (IFC) officially confirmed in a statement that it has allocated USD 1.5 bn in new funding for the private sector in FY2018-19. The local press had been noting the figure late last year, but this is the first we\u2019ve heard coming from the IFC itself.<\/p>\n

Egypt\u2019s Vinavil to receive USD 15 mn multi-currency loan from IFC to help boost production: <\/strong>The statement came following the announcement by the IFC yesterday<\/a>that it will be providing Vinavil Egypt Chemicals with a USD 15 mn (around EGP 266.6 mn) loan to help the company move forward with plans to double its output and grow into an exporter of specialty construction chemicals. The IFC will be disbursing the amount mostly in EGP \u2014 \u201ca first for the organization\u201d\u2014 <\/strong>\u00a0in order to address the company\u2019s \u201cneed for flexible borrowing in both EGP and USD.\u201d IFC MENA DIrector Mohannad Makhlouf said this \u201censures the currency is more accessible to local companies, which can help boost crucial industries like manufacturing and construction,\u201d which are vital to job creation.<\/p>\n","protected":false},"excerpt":{"rendered":"

INVESTMENT WATCH- The IFC confirms it plans to invest another USD 1.5 bn in Egypt\u2019s private sector this year. The International Finance Corporation (IFC) officially confirmed in a statement that it has allocated USD 1.5 bn in new funding for the private sector in FY2018-19. The local press had been noting the figure late last […]<\/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":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-628675","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"13753584-95f7-4090-bb0e-5b8c5a08e98b","order":"0","is_powered_by":true,"section_story_id":"38336007-ebce-4053-91bc-e4cc9c635b2e","story_type":"1","photo_url":"","photo_position":"above","related_issue":[628667],"teaser":"","voice_url":""},"yoast_head":"\nThe IFC plans to invest another USD 1.5 bn in Egypt\u2019s private sector this year - 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\/05\/10\/the-ifc-plans-to-invest-another-usd-1-5-bn-in-egypts-private-sector-this-year\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The IFC plans to invest another USD 1.5 bn in Egypt\u2019s private sector this year\" \/>\n<meta property=\"og:description\" content=\"INVESTMENT WATCH- The IFC confirms it plans to invest another USD 1.5 bn in Egypt\u2019s private sector this year. 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