SFD to ink $2.8 mln finance package with Egypt’s state agriculture bank

Egypt’s main agricultural lender PBDAC will sign Thursday a financing package deal with the country’s Social Fund for Development (SFD), the bank’s chief announced Wednesday.

El-Sayed El-Kosayer, Chairman of Principal Bank for Development and Agricultural Credit (PBDAC), further said the financing package is worth 25 million Egyptian pounds (US$2.8 million).

The sum is designated to finance agricultural projects in the country, El-Kosayer added.