Chinese Government pledges $200 million credit line for Egyptian manufacturers to import from China

$200M USD

Funder	Unspecified Chinese Government Institution
Recipient Organization	Egypt Ministry of Trade and Industry
Country	Egypt
Start Date	Oct 29, 2007
End Date	Nov 03, 2032
Duration	9,137 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`548`

Grant Description

Chinese Government pledges $200 million credit line for Egyptian manufacturers to import from China On October 29, 2007, Egypt's Trade Ministry announced that the Chinese Government would provide Egyptian firms a $200 million credit line for importing production lines and technology transfers from China.

📋 Loan / Grant Terms

💰 Loan Amountfacility would carry a 7-year grace period and an interest rate of no more than 2 percent

⏳ Grace Period7 years

It is unknown whether any firms took advantage of the offer. It is also unclear if a credit facility agreement was ever finalized.

📚 Sources & References

RPT-China to build industrial zone in Egypt's Suez
Putonghua buzzes in Pharaohland, http://global.factiva.com/aa/?ref=STIMES0020071224e3cp00027&pp=1&fcpil=en&napc=S&sa_from= Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.