IMPLEMENTATION LEVEL

NFI

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

SMEs

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 26 Sep 2017 | Removal date: open ended
Still in force

State loan

On 26 September 2017, Banque Misr signs a cooperation protocol agreement with the Syndicate of Egyptian Pharmacists. 

This signed agreement establishes that Banque Misr will provide loans at a marginal rate of 5% to all local entrepreneurs seeking to set up a pharmaceutics-based business. In the official statement, it is highlighted that Banque Misr already provides similar financing schemes to local entrepreneurs from other sectors with which a collaboration has been established. The official statement, no details are provided concerning the financial amount that Banque Misr has dedicated to fund this financing scheme.

Banque Misr is one of the leading state-owned banking institutions of Egypt.

A state measure in the GTA database is assessed solely in terms of the extent to which its implementation affects the extent of discrimination against foreign commercial interests. On this metric, the state aid proposed here is discriminatory.

 

AFFECTED COUNTRIES

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AFFECTED SECTORS AND PRODUCTS

352 Pharmaceutical products

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