Dib Fourth Line of Credit


Project Summary

Approval Date 12 Dec 1984
Signature Date 11 Feb 1985
Planned Completion Date 31 Dec 1990
Last Disbursement Planned Date 31 Dec 1990
Sovereign / Non-Sovereign Sovereign
Sector Finance
DAC Sector Code 24030
Commitment U.A 40,800,461.65
Status Completion

Project General Description

The present project is an African Development Bank Line of Credit to Development Industrial Bank (DIB) to finance industrial development in Egypt. The loan should provide DIB with foreign exchange to finance the foreign exchange components of small and meduim scale projects to be selected by DIB and approved by ADB. It's designed because the Government is convinced that increased public assistance to the private industrial sector is in the best interests of the Egyptian economy and people. In addition, DIB is the main development finance institution providing mainly long and medium term investment finance to small and medium scale industrial enterprises, most of which are privately owned.

Project Objectives

The objective of the present line of credit is to continue to assist in the development of the small and medium scale industrial sector in egypt by providing DIB with the foreign exchange ressources for onlending to promoters of small and medium scale industrial projects.

Beneficiaries

The direct beneficiary of the Line of Credit is the Industrial Development Bank. In addition, the project should indirectly benefit small and medium-sized industrial enterprises.

Participating Organization

Funding
African Development Bank
Implementing
Development Industrial Bank (DIB)

Information

IATI identifier 46002-P-EG-HAA-005
Last Update 31 Oct 2019

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Geographic Location

Country Egypt