African Development Bank
The decision was regarding the allocation of shares in the capital of the African Development Bank.
The meeting was attended by officials from World Bank (WB), IFC, European Investment Bank (EIB), European Bank for Reconstruction and Development (EBRD) and African Development Bank (AfDB).
Bloomberg added that this step will entail enhancing communication between stakeholders at the government, private sector and civil society levels to provide joint ownership.
This came during Madbouli's meeting with a bank delegation in the presence of Minister of Investment and International Cooperation Sahar Nasr.
This came in an AfDB report on Egypt which was announced during a press conference at the Egyptian Investment and International Cooperation Ministry.
The grant was signed by Minister of Investment Sahar Nasr and AfDB’s country Manager of Egypt Malinne Blomberg, in the presence of Minister of Higher Education Khaled Abdel Ghaffar.
AfDB is keen on fully supporting Egypt within the coming period.
The Ministry of Education provided 1900 scholarships to African students, estimated at $17 million annually.
Sisi issued decree No. 178 of 2018 approving a loan agreement of the African Development Bank related to the Sustainable Development of the Abu Rawash Water Treatment and Sewage Treatment Project for $100 million.
Over the past few years, Egypt has made great strides in securing investments for its renewable energy sector. African Development Bank Country Manager Malinne Blomberg shares how Africa can take a page out of Egypt’s book to make its rich energy resource
The African Development Bank (AFDB) is currently taking all needed procedures to disburse the third and last tranche of its 1.5 billion dollar loan to Egypt
Egypt is the third largest member at the African Development Bank,” Country Manager of the African Bank Malinne Bloomberg said.
President Abdel Fatah al-Sisi inaugurated on Saturday the third Africa Forum on Science, Technology and Innovation ("Africa STI Forum").
Egypt's official gazette published on Thursday President Abdel Fatah al-Sisi’s decree approving a grant worth $3.5M to fight corruption
AFDB approved on Thursday the third and last tranche, worth 500 million, of a $1.5 billion loan package.
The World Bank Group said its executive board approved a $1.15 billion development policy loan for Egypt to support the country's economic reform programs.
The World Bank Group said its executive board approved on Tuesday a $1.15 billion development policy loan for Egypt.
Sisi issued a decree approving a loan agreement signed by the African Development Bank (AfDB) to provide Egypt with 560,000 dollars to develop slum areas.
The African Development Bank said on Tuesday it could consider an additional $400 million for Nigeria to support its growth and recovery efforts.
Prime Minister Sherif Ismail on Wednesday met with a delegation of the African Development Bank (AFDB)