ICEC

Egypt to receive $1.5 billion from WB, AFDB next December

Both the board of governors and the board of directors of the World Bank (WB) approved to pay the third and final instalment of the $1 billion loan to Egypt in December 2017, Egypt’s Minister of Investment Sahar Nasr told Al-Masry Al-Youm on Sunday.

The government will also receive $500 million from the African Development Bank (AFDB) by the end of 2017, Nasr stated, adding that new investments worth $11 billion to be pumped into Egypt next year. Source: Mubasher

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