The World Bank has approved a $3 billion loan for Egypt, to be disbursed over the next three years, International Cooperation Minister Sahar Nasr said in a statement on Thursday.
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World Bank approves $3 billion loan: cooperation minister
The minister said the loan would help the government secure economic growth.
Nasr said the loan had a maturity of 35 years and carried an annual interest rate of 1.68 percent.
Egypt's economy has suffered from political turmoil since an uprising toppled autocrat Hosni Mubarak in 2011.
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Billions of dollars in financial support from Gulf Arab allies have helped keep the economy afloat.
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