Egypt In Talks To Secure US$ 3 Bln Qatari Loan At 7% Interest Rate
The Egyptian Minister of Planning and International Cooperation, Dr. Ashraf Al Araby, announced that the Egyptian government is in talks with Qatari authorities to secure US$ 3 billion loan with interest rate ranging from 4% to 7%.
He revealed that the government has already received US$ 2 billion five-year interest-free loan from Libya from days.
“Egypt aims to achieve growth rate of 3.8% in the next fiscal year through increasing investments to EGP 291 billion; 60% of which will be achieved through the private sector. The target growth rate will create about 800,000 jobs,” he added.
