Third USD 1 bn tranche of World Bank loan coming before year’s end: The third and final USD 1 bn tranche of the USD 3 bn World Bank loan to support the economic and social reform program is expected to be signed before the end of the year, Investment Minister Sahar Nasr said in a statement. Nasr is currently in meetings with a World Bank delegation in town until Thursday to discuss the disbursal.

Separately, ministry officials met with the Saudi Fund for Development (SFD) to discuss disbursing a USD 130 mn tranche of the USD 1.5 bn loan for Sinai development projects, according to Al Mal. The SFD had disbursed a USD 400 mn tranche of the loan last June.

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