FINANCIAL NEWS

Egypt, OPEC sign USD27m finance loan

19 Apr 2015

(MENAFN) The Egyptian Ministry of International Cooperation signed a USD27 million financing deal with OPEC Fund for International Development to help the government in establishing Ain Shams Specialized Hospital, Daily News Egypt reported.

The signing was made by the Egyptian Minister of International Cooperation and the Director General of the Fund. The two parties agreed upon an interest rate of 3.5 percent, and repayment period reaching twenty five years.

The loan is wholly dedicated to Ain Shams Specialized Hospital to establish and furnish it with the most modern versions of tumors and neurosurgical equipment, with an allocation for the construction of a five floor building.

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