Arab Fund for Economic and Social Development
President Abdel Fattah El Sisi issued a decree on Thursday approving a 40-million Kuwaiti dinar loan agreement between the Egyptian government and the Arab Fund for Economic and Social Development (AFESD).
The KWD 60-million loan deal, inked on April 22, aims at financing a project to develop the electricity transmission network.
The Arab Fund for Economic and Social Development (AFESD) will provide Egypt with KWD 26 million ($85 million).