Egypt expects $1.5 bln in loans from World Bank, AfDB by end-2015

October 11, 2015 7:38 AM

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CAIRO Oct 11 Egypt expects to receive $1.5 billion in loans from the World Bank and African Development Bank (AfDB) by the end of 2015, Prime Minister Sherif Ismail said, as part of efforts to boost foreign currency reserves and bolster the economy.

Asked by Reuters when the World Bank and AfDB loans would arrive, Ismail said: "it will be before the end of 2015."

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