The AfDB outlined that this package consists of a $10 million line of credit with a 10-year tenor, a $90 million subordinated loan with a 10-year tenor, a $32 million trade finance line of credit with a 3.5-year tenor, and a $16 million trade finance line of credit from the Africa Growing Together Fund (AGTF) with a 3.5-year tenor.
As of June 2023, Arab nations' deposits comprised over half of the short-term debt balance, totaling $15.4 billion.
As Egypt hands over its leadership role, it aims to build on the successes and outcomes achieved during its year-long presidency, particularly in advancing discussions on the Loss and Damage Fund and climate financing
Samir said that the new factory will be built on an area of 220,000 square meters and its total investments amount to $105 million
During the meeting, Mihalikova indicated the intention of a delegation of Slovak companies to visit Egypt to discuss investment opportunities available in many fields, especially oil and gas