Soft Loan
Georgieva added in a TV interview after her meeting with President Abdel Fattah El-Sisi on Sunday that the payment terms for the loan are that Egypt will obtain a 10-year grace period, provided that it will take another 10 years to repay the principal. and interest.
This renovation projects are expected to contribute to the economic and social development efforts in the country, in addition to alleviating the effects of the climate change in Egypt.
