Budget Support Loan

African Dev. Bank disburses $500M to Egypt, 3rd tranche coming in December

Fri, 31 Mar 2017 - 07:19 GMT

The African Development Bank (AfDB) disbursed Friday $500 million to Egypt, the bank's representative in Cairo, Leila Mokaddem, told Egypt Today Friday. It is the second tranche of a total loan worth $1.5 billion.