African Development Bank to disburse last tranche of $1.5 billion loan to Egypt
Egypt's Minister of Investment Sahar Nassr
Cairo - MENA
The African Development Bank (AFDB) is preparing to disburse $500 million to Egypt, the third and last tranche of its $1.5 billion loan to the country, said vice-president of AFDB Khaled Sherif on Friday.
The three-tranche loan package, which was first signed in 2015, is aimed at supporting government programs to achieve comprehensive economic and social development, enhance social justice by offering job opportunities, and improve the business operating environment noted Sherif.
Sherif made the remarks during his meeting on Friday with Egypt's Minister for Investment and International Cooperation Sahar Nasr.
In April 2017 Egypt received the second $500 million tranche of the loan package.
The meeting was attended by the AFDB's director general for the Middle East and North Africa Mohamed El-Azizi, the Egypt Country Manager Malinne Blomberg, and the executive director for Egypt Ahmed Zayed.
Both sides also discussed prospects of cooperating in supporting the private sector and infrastructure in Sinai, a move that would attract investors.
GMT 06:41 2017 Friday ,03 March
AfDB provides Sudan with 200 million dollarsRussia tests new telemetry system during manned Soyuz MS-11 spacecraft’s launch
Moscow - TASS
The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launc...Read More
GMT 09:23 2019 Friday ,30 August
Testing
GMT 08:26 2017 Monday ,10 July
Air India break-up an option as Modi pushes for quick sale
GMT 17:09 2017 Friday ,29 December
At least 14 dead in Mumbai fire
GMT 13:44 2017 Thursday ,21 December
Nine-time champion Loeb set for 2018 cameo
GMT 12:39 2016 Thursday ,22 December
England's Alastair Cook named as captain of ICC team of year
GMT 13:08 2017 Tuesday ,26 September
Bahrain's aluminum industry thriving, manned by 12,184
GMT 16:24 2017 Friday ,11 August
Kuwait uses restoration expertise of Egyptian Book House
GMT 06:36 2017 Monday ,06 March
Israel approves partial marijuana decriminalisation
GMT 08:50 2017 Sunday ,03 December
Reza Zarrab, the star witness unnerving Ankara
GMT 09:07 2024 Thursday ,08 February
UTair flight makes emergency landing in Russia’s Yekaterinburg
GMT 05:28 2024 Wednesday ,07 February
Future Brazil gov to 'dissociate' itself from UN migration compact
GMT 18:26 2018 Friday ,14 December
Mashrou’ Leila headline Apple event in Dubai
GMT 08:50 2018 Thursday ,06 December
Biological weapons can be discussed only in framework of BWC
GMT 09:31 2018 Sunday ,04 November
Djokovic triumphs over Federer to meet Khachanov in Paris final
GMT 12:35 2018 Thursday ,01 November
UN chief appoints new special envoy for Syria
GMT 07:38 2018 Thursday ,25 October
Abu Dhabi oil giant sees ‘enormous’ investment potential in Kingdom
GMT 04:31 2018 Tuesday ,04 September
Syrian Arab Army destroys rocket launching pads for terrorists in Hama countryside
GMT 12:41 2016 Friday ,09 December
Blatter blasts Infantino over lack of respect
GMT 23:04 2017 Friday ,21 April
Blaze kills 19 at gov't-run shop in central IndiaGMT 03:22 2011 Thursday ,05 May
The Leela Palace New Delhi opens
GMT 10:13 2015 Saturday ,03 January
Fashion East reveals AW15 men's presentation line-up
GMT 03:28 2016 Saturday ,30 April
German researchers develop microbots to clean up lead from water
GMT 13:24 2017 Sunday ,13 August
Plane makes emergency landing at Cairo airport
GMT 03:58 2017 Monday ,03 July
Police Music Band to participate in US Independence Day celebrations
GMT 11:06 2016 Thursday ,15 September
WADA urges Russia to stop doping hacks
GMT 14:05 2014 Thursday ,18 December
Airbnb in Amsterdam tourist tax deal, first in Europe
GMT 19:49 2017 Thursday ,17 August
Daesh claims its 'soldiers' carried out Barcelona attack
GMT 09:26 2016 Monday ,29 August
Egypt seeks tougher penalties
GMT 09:54 2013 Thursday ,28 February
Tragedy for the Canal regions and the Brotherhood's backwardness
GMT 09:08 2018 Wednesday ,10 January
Federer eyes fresh 'fairytale' as Slam rivals struggle
GMT 11:39 2017 Tuesday ,07 November
Netanyahu signals Gaza militant bodies to be bargaining chips
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor