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Egypt to receive last $500 mln tranche of AfDB loan in Jan-MENA
October 3, 2017 / 2:11 PM / in 2 months

Egypt to receive last $500 mln tranche of AfDB loan in Jan-MENA

CAIRO, Oct 3 (Reuters) - Egypt to receive the third and last $500 million tranche of a $1.5 billion African Development Bank loan in January, state news agency MENA said on Tuesday.

Egypt has been negotiating billions of dollars in aid, including a three-year, $12 billion loan programme from the International Monetary Fund to help revive an economy hit by upheaval since a 2011 revolt. (Reporting by Omar Fahmy; Writing by Amina Ismail; Editing by Robin Pomeroy)

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