Egypt signs $63 million Loan Agreement with IFAD

By Yomna Yasser On Feb 22, 2015

Egyptian Minister of International Cooperation Naglaa El-Ahwany signed on Friday 20/02/2015 with President of the UN International Fund for Agriculture Development (IFAD) Kanayo Nwanze a loan agreement worth 63 million dollars.

The loan agreement aims at participating in financing sustainable agriculture investments projects and raising the standards of living in Egypt. The agreement was signed in IFAD’s headquarters in Rome.

Source: Egypt’s State Information Service

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