Egypt Asks AfDB to Release Loan
World Economy

Egypt Asks AfDB to Release Loan

Egypt’s international cooperation minister, Sahar Nasr, renewed her calls to the African Development Bank to hand over the second half of their over $500 million loan to Egypt before September, Albawaba reported. The statement said that a high-ranking official from the AfDB is currently on a visit to Egypt. The AfDB handed Egypt the first tranche of the loans to support Egypt’s budget, which also amounted to approximately $500 million, last January. The AfDB is set to loan Egypt a total of $1.5 billion over the course of three years.   


Short URL : http://goo.gl/fWA9tE
  1. http://goo.gl/RfwgRX
  • http://goo.gl/q41CFd
  • http://goo.gl/J8jnMM
  • http://goo.gl/oIi6fy
  • http://goo.gl/O8CRsh

You can also read ...

Shifting transactions from cash to digital payments holds great promise for  individuals, businesses and governments.
More than 23% of the world's economy operates out of sight of...
Federal Reserve Board Chairman Jerome Powell speaks during a hearing before the Senate Banking, Housing and Urban Affairs Committee.
US Federal Reserve Chairman Jerome Powell said protectionism...
India Launches 888 Anti-Dumping Probes
The Indian government has initiated as many as 214 anti-...
Fitch Retains Philippine  Debt Rating
Global debt watcher Fitch Ratings kept the Philippines’...
EU to Fine Google $5 Billion
Google will be fined about €4.3 billion ($5 billion) by the...
Africa Next Frontier for Crypto
Cryptocurrency is not bound by geography because it is...
The warnings come amid a period of financial uncertainty for the world.
US officials who helped the country survive the 2008 financial...
UN to Help Rebuild Gaza Economy, Create Jobs
Against the backdrop of rapidly rising tension, violence,...