SFD Signs Two Finance Agreements Worth US$ 158 Mln With Arab Fund

The Social Fund for Development (SFD) signed two agreements with the Arab Fund to receive loans worth US$ 108 million and US$ 50 million totaling to US$ 158 million in Q4 of 2012, sources said.

Under the agreements, SFD will finance micro, small and medium-sized enterprises (MSMEs) and infrastructure projects such as improving water supply and sanitation facilities in different governorates.

Sources added that SFD is conducting negotiations with the French Development Agency to receive loans worth €80 million. Sources affirmed that all foreign bodies are committed to its agreements with SFD and no institution declined to finance SFD since the eruption of the revolution.