The Egyptian minister highlighted Egypt's efforts to strengthen partnerships with multilateral and bilateral development partners, noting that the current development cooperation portfolio stands at around $26 billion
This loan is part of a US contribution to a $200 million syndicated trade finance facility with the International Islamic Trade Finance Corporation (ITFC).
The Egyptian government attaches great importance to the environmental dimension and the green transition.
The report further states that demand from the rest of the world increased by 3.9%.
These prices come amidst ongoing tensions in the Middle East and global concerns over the Omicron COVID-19 variant.
