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Egypt subscribes in AfDB’s capital increase

Egypt subscribes in AfDB’s capital increase

ArabFinance: The Egyptian cabinet approved presidential decree No. 99 of 2020 of increasing Egypt's subscription in the African Development Bank’s (AfDB) capital, Al Borsa News reported on April 6th.

In July 2020, President Abdel Fatah El Sisi issued a decree approving Egypt's subscription in AfDB’s capital.

This comes within the framework of the fifth and sixth general increases in the bank’s capital.

 

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