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India to loan virus-hit Maldives $250m

20 Sep 2020

India on Sunday announced a $250 million loan to the Maldives to boost its coronavirus-battered economy in a further bid to counter China's growing financial footprint in South Asia....

Lebanon central bank tells banks to make cheap dollar loans to those hit by Beirut blast

06 Aug 2020

Lebanon's central bank on Thursday instructed banks and financial institutions to extend exceptional dollar loans at zero interest to individuals and firms impacted by the Beirut port explosion. Money...

Sheikh Mohamed orders disbursement of housing loans worth Dhs2.78b for over 1,950 citizens

27 Jul 2020

Upon the directives of President His Highness Sheikh Khalifa Bin Zayed Al Nahyan, His Highness Sheikh Mohamed Bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme...

Egypt secures $5.2b IMF loan to tackle virus fallout

27 Jun 2020

The International Monetary Fund on Friday approved Egypt’s request for a $5.2 billion loan as the country’s economy reels from the financial fallout of the coronavirus pandemic. The one-year arrangement,...

ADB to give $300 million loan to Pakistan

06 Jun 2020

The Asian Development Bank (ADB) and the Government of Pakistan signed the loan agreement for a $300 million emergency assistance loan intially approved by the bank on May 19. The...

Egypt to provide loan guarantees

24 May 2020

Egypt’s central bank (CB) will provide up to 100 billion Egyptian pounds ($6.36 billion) in loan guarantees to banks to encourage lending to businesses during the coronavirus crisis, the...

PagIBIG Fund offers 3-month moratorium on loans

08 May 2020

Mariecar Jara-Puyod, Senior Reporter Loan borrowers from the Philippines’s PagIBIG Fund (Home Mutual Development Fund) can heave a sigh of relief as officials of the government-owned-and-controlled corporation (GOCC) have...

Indian exporters seek Rs30,000 crore interest-free term loan

09 Apr 2020

Industry body Federation of Indian Export Organisations (FIEO) has urged the government to immediately provide Rs 30,000 crore worth of interest-free working capital term loan to exporting companies for easing...

Sweden’s central bank unveils loan package of $51 billion

14 Mar 2020

Sweden’s central bank (CB) would lend up to 500 billion crowns ($51 billion) to Swedish companies via banks, moving to shore up credit flows as the coronavirus epidemic wreaks havoc...

ADFD approves Dhs55 million loan for road project in Cameroon

21 Dec 2019

Abu Dhabi Fund for Development (ADFD), the leading national entity for economic development aid, approved a concessionary loan worth Dhs55 million ($15 million) for the Olama-Kribi Road project in Cameroon....

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