loan | Egypt Oil & Gas - Part 7
IMF, WB Mull $3b Loan to Azerbaijan’s Weakening Oil Economy
The International Monetary Fund and World Bank are considering a $3b loan to Azerbaijan to help the country face weakening currency amid global oil price slump.
Nigeria Asks for $3.5b Emergency Loans from World Bank, AfDB
Nigeria’s government is in talks for concessionary loans worth $3.5b from the World Bank and the African Development Bank to help finance its planned record budget in 2016.
World Bank Reveals Details of $3b Loan to Egypt
The World Bank has revealed details of the $3b loan to the Egyptian government, which entails raising tax revenue and electricity prices, while reducing government’s wages and energy subsidies.
Egypt’s Oil Sector to Get $200m Loan from World Bank
The World Bank will grant the Egyptian Ministry of Petroleum a $200m loan. The amount is part of a $1b loan agreement recently signed by both parties, part of which is earmarked to pay dues to foreign oil companies.
Egypt to Receive $99m Loan from Kuwait
The Egyptian government and the Kuwait Fund for Arab Economic Development (KFAED) have finalized an agreement for a $99m (KWD 30m) loan for Egypt. The loan will be directed towards funding a project that will expand ... Petroleum Ministry to receive $200m of World Bank Loan
The Egyptian Ministry of Petroleum will receive $200m of a recently agreed $1b World Bank loan, according to an EGPC official who spoke to Al Mal News.
Egypt Receives $600m Loan for New Power Plant
The Egyptian Government received a $600m loan from the European Investment Bank on December 6th, to build a new power plant in the Beheira governorate, which will add 1800MW to the national grid.
Egypt’s Dollar Shortage May Undermine Renewable Energy Projects
Egyptian solar-power developers are increasingly concerned by the state’s declining foreign currency reserves.
