US EXIM commits itself to support Egyptian projects with $2bn

Hagar Omran
1 Min Read

The Export–Import Bank of the United States (US EXIM) is committed to support new projects in Egypt with $2bn over the next years after a non-operational period, Judith Pryor, member board of the bank, said during the US-Egypt Future Prosperity Forum hosted by the American Chamber of Commerce in Egypt (AmCham) on Monday.

The first transaction made by the bank to Egypt was many years ago recording $6m, yet the partnership developed over the years and the bank is keen on boosting this cooperation with special focus on the role of women in business, Pryor added.

The bank has no limitation for offering future funds or preference for a certain type of projects to support, Pryor added.

Meanwhile, Soha Ali, head of treasury services at JP Morgan Chase, said that Egypt is the fastest growing market in the bank’s listed markets, expecting Egypt to accomplish more economic reforms including administrative reforms.

Share This Article