India to provide Egypt with credit line to back economy up

Updated 6/12/2023 3:31:00 PM
India to provide Egypt with credit line to back economy up

Arab Finance: India will provide Egypt with a credit line with an unidentified value to assist the North African country in coping with the current economic crisis, Minister of Supply and Internal Trade Ali Moselhy told Bloomberg on June 12th.

It is worth noting that credit lines are usually used to import basic commodities, including food, as well as easing economic pressures.

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