Egypt Says India Providing Credit Line in Boost to Economy

Cairo, Egypt.
Photographer: Islam Safwat/Bloomberg

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By Abdel Latif Wahba and Tarek El-Tablawy

June 12, 2023 at 11:34 AM UTC

Updated on

June 13, 2023 at 8:58 AM UTC

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India is providing Egypt with a credit line of unspecified value, Egyptian Supply Minister Ali El-Mosilhy said, in the latest support from an ally for the North African nation’s troubled economy.