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Thursday, 22 September 2016

Second tranche of AfDB’s USD 1.5 bn loan to arrive before the end of the year

IS THE SECOND TRANCHE of the African Development Bank loan all sewn-up? Egypt will receive the USD 500 mn second tranche of the AfDB’s USD 1.5 bn development loan before the year is out, said the bank’s Resident Representative Leila Mokaddem, according to a statement by the International Cooperation Ministry. As we noted on Sunday, International Cooperation Minister Sahar Nasr stated that “the government is already working on finalizing the second tranche from the World Bank, as well as from the African Development Bank.”

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