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Tuesday 15 December 2015

AfDB Approves $1.5bn Loan To Egypt

The African Development Bank (AfDB) has approved a $1.5 billion loan to Egypt to be paid out over three years, International Cooperation Minister Sahar Nasr said on Tuesday.
The first $500 million of the loan will be disbursed immediately, said Nasr.

He said the loan would go toward the government’s economic development programme and national projects.
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