Chinese Government pledges $200 million credit line for Egyptian manufacturers to import from China
Constant 2017 USD
Not recommended for aggregates
This project is not recommended for use in creating aggregated sums. See the documentation for more information about this criteria.
This project is classified as an "umbrella" project, and is connected to related projects.
Funding agency [Type]
Unspecified Chinese Government Institution [Government Agency]
Industry, mining, construction (Code: 320)
Export Buyer's Credit
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. The credit facility would carry a 7-year grace period and an interest rate of no more than 2 percent. It is unknown whether any firms took advantage of the offer. It is also unclear if a credit facility agreement was ever finalized.
Number of official sources
Number of unofficial sources
Receiving agencies [Type]
Egypt Ministry of Trade and Industry [Government Agency]