{"id":624314,"date":"2018-09-05T04:01:39","date_gmt":"2018-09-05T04:01:39","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/05\/afdb-to-disburse-usd-500-mn-loan-tranche-in-coming-days\/"},"modified":"2018-09-05T04:01:39","modified_gmt":"2018-09-05T04:01:39","slug":"afdb-to-disburse-usd-500-mn-loan-tranche-in-coming-days","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/05\/afdb-to-disburse-usd-500-mn-loan-tranche-in-coming-days\/","title":{"rendered":"AfDB to disburse USD 500 mn loan tranche in coming days"},"content":{"rendered":"

AfDB to disburse third USD 500 mn tranche of loan: <\/strong>Speaking of foreign borrowing, Egypt can expect receipt within days of a third and final USD 500 mn tranche of a USD 1.5 bn loan from the African Development Bank (AfDB), the bank\u2019s country manager for Egyopt, Malinne Blomberg<\/a><\/u>, said yesterday on the sidelines of the Euromoney conference, state-run Al Ahram reports<\/a><\/u>. Investment Minister Sahar Nasr had finished the paperwork for the final tranche<\/a><\/u> back in January.<\/p>\n

Separately<\/strong>, The SMEs Development Authority will sign loan agreements worth a combined EUR 80 mn<\/strong> with the French Development Agency (AFD) and German bank KfW, according to authority boss Nevine Gamea<\/a><\/u>. AFD will provide EUR 50 mn, while KfW supplies the balance. No further details on the loans were provided, but Gamea said that the authority was also in talks with the World Bank over financing for new projects. She had previously said<\/a><\/u> the authority was hoping to receive as much as USD 300 mn from the World Bank.<\/p>\n","protected":false},"excerpt":{"rendered":"

AfDB to disburse third USD 500 mn tranche of loan: Speaking of foreign borrowing, Egypt can expect receipt within days of a third and final USD 500 mn tranche of a USD 1.5 bn loan from the African Development Bank (AfDB), the bank\u2019s country manager for Egyopt, Malinne Blomberg, said yesterday on the sidelines of […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-624314","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"2caf8b86-6c7d-43a6-b084-03292d16c89c","order":"0","is_powered_by":true,"section_story_id":"c477fda5-d01a-47d5-9f1f-38fc193ffcc5","story_type":"1","photo_url":"","photo_position":"above","related_issue":[624308],"teaser":"","voice_url":""},"yoast_head":"\nAfDB to disburse USD 500 mn loan tranche in coming days - 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The loan is set to fund King Salman University, King Salman\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":650660,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/29\/second-usd-500-mn-afdb-loan-tranche-arrives-in-two-weeks-amer\/","url_meta":{"origin":624314,"position":1},"title":"Second USD 500 mn AfDB loan tranche arrives in two weeks -Amer","author":"enterpriseam admin","date":"29 March 2017","format":false,"excerpt":"The second USD 500 mn tranche of the African Development Bank\u2019s USD 1.5 bn loan to Egypt will be disbursed within two weeks, pending final government procedures, Central Bank of Egypt Governor Tarek Amer tells Al Borsa.","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":624921,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/23\/new-disbursals-from-international-lenders-coming\/","url_meta":{"origin":624314,"position":2},"title":"New disbursals from international lenders coming","author":"enterpriseam admin","date":"23 September 2018","format":false,"excerpt":"New disbursals from international lenders coming: The World Bank\u2019s board has unanimously approved a USD 300 mn loan to Egypt as part of the planned upgrade of water and wastewater infrastructure in rural communities, Investment and International Cooperation Minister Sahar Nasr said. The program, which was launched back in 2015,\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":634920,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/29\/nasr-signs-usd-500-mn-tranche-disbursal-agreement-with-afdb\/","url_meta":{"origin":624314,"position":3},"title":"Nasr signs USD 500 mn tranche disbursal agreement with AfDB","author":"enterpriseam admin","date":"29 January 2018","format":false,"excerpt":"Investment and International Cooperation Minister Sahar Nasr signed the agreement with the African Development Bank (AfDB) for the third USD 500 mn tranche of the USD 1.5 bn loan yesterday, according to a ministry statement. Disbursing the tranche was approved two weeks ago. AfDB Country Manager for Egypt, Malinne Blomberg,\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":638455,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/04\/afdb-to-deliver-usd-500-mn-loan-tranche-in-january\/","url_meta":{"origin":624314,"position":4},"title":"AfDB to deliver USD 500 mn loan tranche in January","author":"enterpriseam admin","date":"4 October 2017","format":false,"excerpt":"The African Development Bank (AfDB) will deliver the third and last USD 500 mn tranche, of its loan to Egypt in January, Reuters notes. AfDB has already delivered USD 1 bn of the USD 1.5 bn loan.","rel":"","context":"In "Diplomacy + Foreign Trade"","block_context":{"text":"Diplomacy + Foreign Trade","link":"https:\/\/enterpriseam.com\/egypt\/category\/diplomacy-foreign-trade\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":648354,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/02\/egypt-receives-second-tranche-of-the-usd-1-5-bn-afdb-loan\/","url_meta":{"origin":624314,"position":5},"title":"Egypt receives second tranche of the USD 1.5 bn AfDB loan","author":"enterpriseam admin","date":"2 April 2017","format":false,"excerpt":"Egypt has received a USD 500 mn tranche of the USD 1.5 bn African Development Bank loan (AfDB), Investment and International Cooperation Minister Sahar Nasr announced on Friday. 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