Sahar Nasr examines the needs of ministries to seek funding from international institutions

Source of investment: Ministry negotiates with banks "Europe", "China" and "African Development"
According to an informed source, Minister Sahar Nasr, Minister of Investment and Investment International Cooperation, will be presented at the fall meetings.
The source close to the Ministry of Investment pointed out that the request for funding from third parties came only after studying the needs of different ministries, provided that they were 39, are part of the government plan. And social protection programs.
The government confirmed in its declaration What was presented to Parliament on December 3, its commitment to provide a safety net, to ensure everyone's participation in harvesting the fruits of development and to improve the basic service to the citizens. The Minister of Investment, Sahar Nasr, met during his visit to New York to attend the meetings of the Economic and Social Council, a number of World Bank officials, to carry out the negotiations on the development of the Sinai Peninsula. And the second phase of the social housing project, which is expected to be supported by the bank with additional funding of about 500 million, after the first phase was supported by a similar amount.
The source explained that the department could negotiate with other parties. Finance Minister Mohammad Maait said in his address to Enterprise newspaper that the government is negotiating with international funding agencies to secure long-term loans to fill part of the funding gap during the fiscal year In progress. In search of cheaper alternatives than issuing debt securities
The Minister of Finance has stated that the Ministry of Investment conducts negotiations with international funding agencies, including the l & # 39; French Agency for Development, the Japan Development Agency, the World Bank and the World Bank. The African Development Bank and the African Export and Import Bank, whose interest rate is between 1% and 2% for long-term financing of up to 30 years, have refused to Disclose the amount of these concessional financing before the end of the negotiations. function (d, s, id) {
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