Cabinet approves World Bank, African Development Bank loans
International Cooperation Minister Sahar Nasr
Cairo - MENA
International Cooperation Minister Sahar Nasr said that the cabinet approved on Sunday two bills concerning the World Bank and African Development Bank loans.
In a press conference after the cabinet’s meeting, the minister added that the bills deal with the second batch of the World Bank loan at EGP one billion and African Development Bank loan at EGP 500 million.
The loans aim to support the government economic and social program including the funding of social housing and sewage projects and small- and medium-sized enterprises in all governorates, Nasr said.
The bills will be raised to the parliament for approval, the minister further said.
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