Cairo – Mubasher: Egypt aspires to obtain the first $1 billion tranche of World Bank’s $3 billion loan next May, said an official at the Ministry of Finance, who preferred to remain anonymous.
In December, the World Bank approved granting Egypt a three-year loan to support the state budget.
Hafez Ghanem, World Bank’s Vice President for the Middle East and North Africa, said Egypt is likely to receive the first $1 billion dollar tranche of $3 billion loan from, after the House of Representatives votes on the economic reform program.
