Banking + Finance

African Development Bank mulls USD 500 mn loan to reduce budget deficit

by enterpriseam adminEgypt Edition4 December 2019

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The African Development Bank is considering providing a USD 500 mn loan to Egypt to help plug the budget deficit and finance national projects, Vice President Khaled Sherif told Masrawy. Egypt received USD 1.5 bn over three years from the bank between 2016 and 2018.

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African Development Bank BANKING + FINANCE

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