Nasr: AFDB will extend $500m to Egypt
Egyptian International Cooperation Minister Sahar Nasr
Amman - MENA
Egyptian International Cooperation Minister Sahar Nasr on Wednesday said that the African Development Bank approved extending a loan to Egypt worth 500 million dollars.
The funds will be channeled into supporting the economic reform program, she added in statements to MENA on the sidelines of her participation in a conference on women here.
She explained that the funds will be allocated to finance development projects mainly small and medium sized enterprises.
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