ELIGIBLE BENEFICIARIES

- Egyptian Government Administrations, State Companies and Government-owned corporations [Public Sector Procedures];

- Egyptian private enterprises, in form of companies or single entrepreneurs, and joint ventures constituted among the above-mentioned parties [Private Sector Procedures];

- Non-Governmental Organizations (NGOs); Associations and Non-profit organizations; Local Governmental Authorities (only for the counterpart funds) [Applying to the Counterpart Fund].

ALLOWED TRANSACTIONS

Min/Max amount per transaction:        

Euro 60,000 / 2,900,000 (Public Sector)

Euro 60,000 / 1,750,000 (Private Sector)

REIMBURSEMENT PLAN

(not applicable for the Public Sector and for the Counterpart funds which receive the funds as Grant).

Loan details:

Grace period:                 1 year

Repayment period:          3 years

Interest rate:                   4 %

Amortization schedule:    6 semi-annual deferred installments (the first installment is due 18 months after signing the Loan Contract with the National Bank of Egypt).

 WHAT CAN BE FUNDED

- Equipments, spare parts and related technical training;

- Raw materials and semi finished goods;

- Medicines included in the WHO’s List of essential drugs;

- Vehicles and laboratory (university and hospitals) instruments;

WHAT CANNOT BE FUNDED

 - Non essential and luxury goods;

-  Any good, material or service related, directly or indirectly, to activities of military nature.

APPLICATION FOR FUNDING - REQUIRED DOCUMENTS

 - Filled in Application form addressed to the Egyptian Ministry of International Cooperation (MIC);

- Detailed list with technical specification of the commodities to be acquired (to be prepared after positive evaluation by the MIC);

- Technical matrix for supporting the evaluation of the tenders (to be prepared after positive evaluation by the MIC);

- Scoring system matrix (to be prepared after positive evaluation by the MIC).

PROCEDURE

- The application is originated by the potential beneficiary;

- Upon approval of the Credit by the Person in Charge at the Ministry of International Cooperation, the Applicant becomes a beneficiary of the Credit and shall pay the amount of 2% of such Credit as Commitment Bond;

- Upon the approval of the request by the Ministry of International Cooperation, the Italian Expert and the beneficiary, prepare a detailed list with the technical specifications of the goods and services to be imported, included the evaluating support matrixes;

- The Italian supplier is selected through a public tender floated in Italy and managed with the supervision of the Italian Ministry of Foreign Affairs;

- The Tender, and related Tenderer, is selected by an Evaluation Committee representing the beneficiary, according to the adopted scoring system;

- The award of the bid to the selected supplier is responsibility of the Person in Charge which operates in accordance with the public tenders’ Italian law;

- An Italian Control and Surveillance Company is appointed to check the adherence of the supply to the Purchase Agreement;

- The National Bank of Egypt-NBE is responsible for the credit management with the Beneficiary.

- The Banca Intesa-Sanpaolo di Torino is the Italian Agent Bank in charge to pay the Italian suppliers.

- The goods imported cannot be resold for a period of at least four years.

 Special Terms and Conditions for the Public Sector:

The equipment and services provided under the Italian Commodity Aid Programme are fully funded as a grant to the Egyptian Government.

Special Terms and Conditions for Repayment of the goods for the Private Sector:

The private sector entities are eligible for funding through a credit line which allows acquiring the commodities to be imported. In such circumstance the private entity will be entitled to receive a loan, to be repaid in the local currency to the Egyptian Government, with a fixed exchange rate calculated on the day of purchase agreement signature.  A Down Payment of 20% (included the 2% previously paid as Commitment Bond) of the total price awarded will be paid by the beneficiary after the signature of the contract; the remaining 80% will be repaid by the loan.