(MENAFN) The Ministry of International Cooperation plans to issue USD15bn in loans to cover 50 percent of the USD30bn funding gap.
Moreover, the ministry secured almost USD3.8bn from donors out of a whole target of USD5bn for this financial year.
Additionally, the USD5bn will be directed to 20 projects in various development sectors, like electricity and sanitation.
Meanwhile, the country is also planning to link its funding gap among different channels, involving loans from the International Monetary Fund (IMF).
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.