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Nasr: AFDB will extend 500m dollars to Egypt

Source: www.export-egypt.com 12/7/2016, Location: Africa

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International Cooperation Minister Sahar Nasr 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.

She explained that the funds will be allocated to finance development projects mainly small and medium sized enterprises.

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