The loan was agreed in 2015 amid an acute foreign currency shortage that crippled import activity.
Egypt’s ministry of investment has received the third and last $500 million tranche of a $1.5 billion African Development Bank loan which will support the Government's development programmes.
In a statement, the ministry of investment said that the funds will help support development programmes that meet the citizens' needs and which come as a top priority for the Government in the context of the social dimension of the country's economic reform programme.
Egypt is also implementing tough reforms under a $12 billion IMF loan programme agreed in late 2016 that involved deep cuts to energy subsidies, new taxes and a floated currency in a bid to draw back investors who fled after its 2011 uprising.
The country's foreign reserves stood at $44.42 billion as of end-August, reported Reuters.