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AFDB to disburse USD500mn to Egypt within days

The African Development Bank (AFDB) is currently in process of disbursing the third and last tranches of its USD1.5bn loan to Egypt, Vice President of the Bank Khaled Sherif said on Friday. The third tranche, is worth USD500mn, he pointed out. Sherif said the loan aims to support government programmes that target achieving a comprehensive economic and social development, based on attaining social justice, offering job opportunities and improving the business operating environment.