Egypt receives final part of AfDB’s $1.5bn loan

Cairo - Mubasher: The Egyptian government has received that third and final tranche of a $1.5 billion loan from the African Development Bank (AFDB), according to the minister ministry of investment and international cooperation.

Sahar Nasr said that the $500 million finances will be directed to support developmental projects, with priority given to economic and social sustainable development that rely on social justice, providing work opportunities and improving the investment climate.

Mubasher Contribution Time: 28-Sep-2018 21:41 (GMT)
Mubasher Last Update Time: 28-Sep-2018 21:41 (GMT)