Egypt Receives USD 231M Loan From Japan to Develop Private Sector
The loan features a 2% annual interest rate, a 30-year repayment term, and a 10-year grace period.
Egypt has secured USD 231 million in concessional financing from the Japan International Cooperation Agency (JICA) to aid the country's transition to a green economy and support critical policy reforms.
The loan features a 2% annual interest rate, a 30-year repayment term, and a 10-year grace period. Approximately USD 100 million of the facility is co-financed with the Africa Development Bank (AfDB) and the Korea-Africa Energy Investment Framework.
In 2024, Egypt implemented 86 economic reforms aimed at improving resilience against external shocks. This progress aligns with the country’s broader efforts to secure additional funding, including USD 3 billion in new financing and an IMF-approved USD 1.2 billion loan tranche.
The announcement comes on the heels of reports highlighting a surge in foreign direct investment from Arab nations, which reached nearly USD 40 billion by the close of the 2023-24 fiscal year, led by contributions from the UAE.
