SFD targets New Loan from Kuwait Fund to support Egypt Small Projects

Egypt’s Social Fund for Development (SFD) is negotiating for a new loan worth US$100 million from Kuwait Fund for Arab Economic Development (KFAED) to finance Egyptian small projects.

The negotiations between SFD and the Kuwait Fund have entered the final stage, a government source from SFD told Amwal Al Ghad on Sunday.

“SFD is expected to receive Kuwait Fund’s loan by end of the current month.” The source noted.