Japan to provide development loan for Egypt’s power sector reform programme
The Japan International Cooperation Agency (Jica) has signed a loan agreement with the Egyptian government to provide a Japanese official development assistance (ODA) loan for Egypt’s power sector reform.
The Japan International Cooperation Agency (Jica) has signed a loan agreement with the Egyptian government to provide a Japanese official development assistance (ODA) loan for Egypt’s power sector reform.
The 25bn Yen ($236m) loan will be used to support policy reforms, improving governance and financial feasibility and promoting energy efficiency and renewable energy.
The completion of the loan disbursement is scheduled for June this year.
The loan is part of a co-financing programme which also includes the African Development Bank (AFDB) and Agence Francaisse de Developpment (AFD) in addition to Jica. The financing programme will contribute to the Enhanced Private Sector Assistance for Africa (EPSA4), which is a development partnership between AFDB and the Japanese government.
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