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House Approves Amendment to Agreement Signed With IITFC to Up Credit Ceiling

Source: www.export-egypt.com 11/22/2022, Location: Africa

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The House of Representatives approved during a session under speaker Hanafi El Gebali presidential decree no. 299 of 2022 on the amendment no. 1 of a framework agreement signed between the Arab Republic of Egypt and the International Islamic Trade Finance Corporation (IITFC).

The agreement which was signed on January 39, 2018 includes the amendment of the credit ceiling signed on June 3, 2022 in Sharm El Sheikh, to be 6 billion dollars instead of 3 billion dollars.

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