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Cabinet okays JICA loan for Japanese schools
The Egyptian Gazette Published in The Egyptian Gazette on 18 - 04 - 2018


Gazette Staff
CAIRO, April 18, 2018 - The Cabinet on Wednesday approved the Presidential decree to get a concessional loan of $168m from a Japanese government agency to support 200 Japanese schools in the country.
The loan given by the Japan International Co-operation Agency (JICA) with a grace period of 10 years at one per cent interest will be paid off in 20 years.
Minister of Education Tarek Shauoqi said in a press conference following the cabinet meeting that the Japanese schools will open this September.

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