Egypt is reportedly 10 days away from receiving the second USD 500 mn tranche of a USD 1.5 bn loan from the African Development Bank (AfDB), country mission chief Laila Al Moqadem said on Tuesday, according to Al Borsa. An AfDB delegation will visit Egypt in June to negotiate the disbursement of the third and final USD 500 mn tranche with the government. A bank delegation had also visited Cairo recently to evaluate a number of potential projects in sanitation, slum area development, and youth employment that are expected to collectively exceed USD 200 mn in value.

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