JOINT WB, AFDB DELEGATION in Cairo for talks on second tranche delivery: A joint delegation of the World Bank and the African Development Bank discussed the second tranches of their respective loans to Egypt totalling USD 1.5 bn at a meeting on Sunday with International Cooperation Minister Sahar Nasr, Trade and Industry Minister Tarek Kabil, Oil Minister Tarek El Molla, and senior officials from the ministries of finance and electricity. The officials talked of how their respective ministries plans to implement the government’s reform agenda. The Cairo meetings, part of the ongoing talks to secure a USD 1 bn tranche and a USD 500 mn tranche from the WB and AfDB, respectively, are expected to continue through to Thursday, according to a statement from the MOIC. This comes as the Planning Ministry formed a committee to assess and monitor the implementation of the Upper Egypt Development program which the government hopes to secure a USD 500 mn loan from the World Bank to fund, according to the Official Gazette.