March 31, 2017 / 5:54 PM / 5 months ago

Egypt receives $500 mln loan tranche from African Development Bank

CAIRO, March 31 (Reuters) - Egypt has received the second $500 million tranche of a $1.5 billion African Development Bank loan, Investment and International Cooperation Minister Sahar Nasr said on Friday.

The money will go towards a government economic reform programme, and specifically towards job creation and social spending, Nasr said in a statement. (Reporting by Ehab Farouk; Writing by Ahmed Aboulenein)

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