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Egypt PM witnesses signing of agreement with ADF
Alaa Awad Published in Albawaba on 17 - 12 - 2015

Egypt's PM Sherif Ismail witnessed Thursday the signing of an agreement with the African Development Fund (ADF) to get $ 500 million as the initial tranche of a total loan of $ 1.5 billion.
Minister of International Cooperation, Sahar Nasr signed the agreement on behalf of the Egyptian government. The loan has an interest rate of 1.02% and will be repaid within 20 years with a five year grace period.

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