cbe governor loans of wb afdb to be used to meet states financial commitments
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

CBE Governor: Loans of WB, AFDB to be used to meet state's financial commitments

Arab Today, arab today

Arab Today, arab today CBE Governor: Loans of WB, AFDB to be used to meet state's financial commitments

Governor of (CBE) Tarek Amer
Cairo - MENA

Governor of the Central Bank of Egypt (CBE) Tarek Amer said the two loans Egypt recently received from the World Bank and the African Development Bank (AFDB) would be used to meet the state's financial commitments, noting that the sum would not be added to Egypt's foreign reserves.

In statements to MENA, Amer said the dlrs 1.5 billion that Egypt took as two separate loans from the two banks would be allocated to import fuels, liquefied natural gas, operate and maintain power plants and to pay the government's debts.

The two loans have nothing to do with Egypt's foreign reserves, he added.

Egypt, over the past days, received a billion-dollar loan from the World Bank in addition to a dlrs 500-million loan from the African Bank.

The CBE succeeded to provide more than dlrs 15 billion in 2016 to import strategic commodities, meet the state's financial commitments and pay the government's debts, he noted.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

cbe governor loans of wb afdb to be used to meet states financial commitments cbe governor loans of wb afdb to be used to meet states financial commitments

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

cbe governor loans of wb afdb to be used to meet states financial commitments cbe governor loans of wb afdb to be used to meet states financial commitments

 



GMT 13:49 2017 Thursday ,08 June

Boko Haram kills 11 in NE Nigeria attacks: police

GMT 09:08 2017 Monday ,11 September

Palestinian court grants bail to prominent activist

GMT 00:06 2018 Wednesday ,24 January

Emirates signs agreement for 36 additional A380s

GMT 09:59 2018 Wednesday ,10 January

Pakistan reiterates solidarity with Saudi Arabia

GMT 23:01 2016 Wednesday ,30 November

21 killed in artillery shelling of eastern Aleppo

GMT 09:22 2016 Monday ,10 October

US troops in Kuwait came under 'suicide' attack

GMT 21:14 2017 Tuesday ,21 February

Tatas will lead, not follow

GMT 11:24 2017 Wednesday ,15 February

ISIS kidnapped 16 civilians from Anbar

GMT 19:30 2018 Wednesday ,31 October

King congratulates Antigua and Barbuda Governor-General

GMT 00:05 2017 Thursday ,28 December

Guterres extends mandate of UN-backed Lebanon tribunal
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday