Egypt to receive $1.5bn from WB, AFDB next December

Cairo – Mubasher: Both the board of governors and the board of directors of the World Bank (WB) approved to pay the third and final instalment of the $1 billion loan to Egypt in December 2017, Egypt’s minister of investment and international cooperation Sahar Nasr told Al-Masry Al-Youm on Sunday.

The government will also receive $500 million from the African Development Bank (AFDB) by the end of 2017, Nasr added, expecting new investments worth $11 billion to be pumped into Egypt next year.

Mubasher Contribution Time: 06-Aug-2017 12:49 (GMT)
Mubasher Last Update Time: 06-Aug-2017 13:08 (GMT)