AFDB to decide on USD500mn loan tranche to Egypt by year-end
The board of the Arab African Development Bank will decide on a USD500mn loan tranche to Egypt by year-end, according to AFDB representative. The bank will send a delegation to Egypt towards the third week of September to finalise payment procedures and then submit a report to the board for final approval, she said. The fund represents the second portion of USD1.5bn loan agreement. (Bloomberg)
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