Latest in Tag: African Development Bank Highlight

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Latest in Tag: African Development Bank

AfDB holds round-table for youth with the Bank’s Vice President during his visit to Egypt

During their visit to Egypt, a High-Level Delegation from the African Development Bank (AfDB), led by Khaled El Sherif, the Vice President, a round table event was organized with 20 young men and women participants of the Entrepreneurship Development Initiatives supported by the Bank under the project “Green Growth:  Industrial Waste Management and SME Entrepreneurship …

Shaimaa Al-Aees

Egypt to receive 2nd tranche of African Development Bank loan

On Monday, the Minister of International Cooperation Sahar Nasr signed an agreement with Leila Mokaddem, resident representative of the African Development Bank (AFDB) to receive $500m as the second tranche of a $1.5bn loan. The loan was agreed on last year. The tranche will be given to Egypt in January 2017, according to Prajesh Bhakta, …

Hisham Salah

External debt: a tricky, dangerous route towards reform

Egypt’s negotiations for loans from the International Monetary Fund, World Bank, and the African Development Bank would increase the country’s external debt to approximately $70bn. Yet, the government views the loans as a way for reforming poor economic conditions that have plagued the country since 2011, and a tool to attract foreign investment.   Essentially, …

Hisham Salah

World Bank and AFDB reports put CRCICA in line with international standards

An official at the Cairo Regional Centre for International Commercial Arbitration (CRCICA) said that two confidential reports from the World Bank and the African Development Bank (AFDB) showed that the CRCICA is independent from all parties and fits within the international standards for foreign arbitration. He told Daily News Egypt that the World Bank was …

Mohamed Farag