{"id":639241,"date":"2017-10-24T03:47:44","date_gmt":"2017-10-24T03:47:44","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/24\/edb-awaits-central-bank-approval-on-usd-500-mn-credit-facility-agreement-with-afreximbank\/"},"modified":"2017-10-24T03:47:44","modified_gmt":"2017-10-24T03:47:44","slug":"edb-awaits-central-bank-approval-on-usd-500-mn-credit-facility-agreement-with-afreximbank","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/24\/edb-awaits-central-bank-approval-on-usd-500-mn-credit-facility-agreement-with-afreximbank\/","title":{"rendered":"EDB awaits central bank approval on USD 500 mn credit facility agreement with Afreximbank"},"content":{"rendered":"<p>The Export Development Bank (EDB) is waiting for the central bank\u2019s approval on a USD 500 mn credit facility agreement with the African Export-Import Bank (Afreximbank), which will be used to fund trade activities between Egypt and other African countries, EDB Chairman Mervat Sultan <a href=\"https:\/\/alborsanews.com\/2017\/10\/23\/1059679\">tells Al Borsa<\/a>. The bank is also in talks with a bond fund affiliated with Germany\u2019s KfW Development Bank for a USD 10 mn facility to finance local SMEs, Sultan adds.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Export Development Bank (EDB) is waiting for the central bank\u2019s approval on a USD 500 mn credit facility agreement with the African Export-Import Bank (Afreximbank), which will be used to fund trade activities between Egypt and other African countries, EDB Chairman Mervat Sultan tells Al Borsa. The bank is also in talks with a [&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":[9298],"tags":[2372,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-639241","post","type-post","status-publish","format-standard","hentry","category-banking-finance","tag-banking-finance","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"6c17228d-b905-4eb7-8a02-516ae67ac74a","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[639204],"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>EDB awaits central bank approval on USD 500 mn credit facility agreement with Afreximbank - 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\/2017\/10\/24\/edb-awaits-central-bank-approval-on-usd-500-mn-credit-facility-agreement-with-afreximbank\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EDB awaits central bank approval on USD 500 mn credit facility agreement with Afreximbank\" \/>\n<meta property=\"og:description\" content=\"The Export Development Bank (EDB) is waiting for the central bank\u2019s approval on a USD 500 mn credit facility agreement with the African Export-Import Bank (Afreximbank), which will be used to fund trade activities between Egypt and other African countries, EDB Chairman Mervat Sultan tells Al Borsa. The bank is also in talks with a [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/10\/24\/edb-awaits-central-bank-approval-on-usd-500-mn-credit-facility-agreement-with-afreximbank\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-10-24T03:47:44+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<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/10\/24\/edb-awaits-central-bank-approval-on-usd-500-mn-credit-facility-agreement-with-afreximbank\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/10\/24\/edb-awaits-central-bank-approval-on-usd-500-mn-credit-facility-agreement-with-afreximbank\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"EDB awaits central bank approval on USD 500 mn credit facility agreement with Afreximbank\",\"datePublished\":\"2017-10-24T03:47:44+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/10\/24\/edb-awaits-central-bank-approval-on-usd-500-mn-credit-facility-agreement-with-afreximbank\/\"},\"wordCount\":88,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"BANKING + FINANCE\",\"EnterpriseAM\"],\"articleSection\":[\"Banking + Finance\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/10\/24\/edb-awaits-central-bank-approval-on-usd-500-mn-credit-facility-agreement-with-afreximbank\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/10\/24\/edb-awaits-central-bank-approval-on-usd-500-mn-credit-facility-agreement-with-afreximbank\/\",\"name\":\"EDB awaits central bank approval on USD 500 mn credit facility agreement with Afreximbank - 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The banks include the Export Development Bank Of Egypt, Egyptian Arab Land Bank, Industrial Development Bank, Suez Canal Bank,\u2026","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":622985,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/17\/edb-in-talks-for-usd-500-mn-facility-for-trade-finance\/","url_meta":{"origin":639241,"position":2},"title":"EDB in talks for USD 500 mn facility for trade finance?","author":"enterpriseam admin","date":"17 October 2018","format":false,"excerpt":"The Export Development Bank (EDB) is starting a fresh round of talks with international lenders for USD 500 mn to finance trade between Egypt and African countries, sources told Masrawy.","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":556048,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/10\/10\/new-infusions-of-usd-for-state-banking-system\/","url_meta":{"origin":639241,"position":3},"title":"New infusions of USD for state, banking system?","author":"enterpriseam admin","date":"10 October 2021","format":false,"excerpt":"The Madbouly government is looking to raise USD 2 bn through a three-year syndicated facility, according to a Finance Ministry statement on Friday. 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