AFDB prepares $500m loan to Egypt

Cairo - Mubasher: The African Development Bank (AFDB) is preparing the third and final tranche of a $1.5 billion of a loan to Egypt.

The third tranche will be directed to supporting the government programme that aims at achieving a sustainable economic and social development that rely on social justice, providing work opportunities and improving the investment climate, according to a statement by the ministry of investment and international cooperation.

Investment minister Sahar Nasr met with AFDB's delegation and invited the lender president to attend the Africa 2018 forum that will be held in Sharm El Sheikh on 8 and 9 December that the ministry is organising in cooperation with the COMESA Regional Investment Agency.

Mubasher Contribution Time: 22-Sep-2018 15:19 (GMT)
Mubasher Last Update Time: 23-Sep-2018 07:30 (GMT)