Sisi approves loan agreement with IBRD

CAIRO - 14 September 2017: President Abdel Fatah al-Sisi issued on Thursday a decree approving a one-billion-dollar loan agreement with the International Bank for Reconstruction and Development (IBRD).

The loan will be channeled into funding the second development policies program on financial support, sustainable energy and competitiveness.

Egypt signed the agreement with IBRD on December 22, 2016.

The decree was published in the gazette on Thursday.