Egypt optimizes LE 50 billion package to maximize funding for tourism sector

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Egypt has optimized its LE 50 billion tourism fund by allowing banks to utilize surplus funds immediately and extending the application deadline to October. This move aims to support local hospitality businesses and boost the tourism sector's recovery.

Egypt is unlocking the remaining cash from its massive LE 50 billion tourism fund to give local hospitality businesses a major boost. The Central Bank just overhauled the program’s rules, allowing banks to immediately deploy leftover surplus funds and extending a critical application deadline until October to make sure no capital goes underutilized, Al Mawel … The post Egypt optimizes LE 50 billion package to maximize funding for tourism sector appeared first on Egypt Independent.