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- Where we work
- Line of Credit to Industrial Development
Line of Credit to Industrial Development
Egypt
| Borrower | Egypt |
| Financing Type | Public Sector |
| Instrument | Project Loan |
| Focus Area | Financial |
| Approved | 16.11.1977 |
| Signed | 16.12.1977 |
| Status | Completed |
| Loan Administrator | IBRD |
| Executing Agency | Development Industrial Bank |
| Co-financiers | IDA, USAID |
| OPEC Fund Contribution (US$m) | 8.75 |
| Total Project Cost (US$m) | 183.95 |
The loan, granted to the Government who would then lend it on the same terms to the Development Industrial Bank, was used to extend sub-loans to small entrepreneurs and artisans.