Egypt
The World Bank Group said its executive board approved on Tuesday a $1.15 billion development policy loan for Egypt to support the country’s economic reform programs.
The loan is the last in a series of three annual loans totaling $3.15 billion issued from 2015 to 2017, the World Bank said in a statement.
The $1.15 billion loan, which supports Egyptian economic reforms aimed at creating jobs, ensuring energy security, strengthening public finances and enhancing business competitiveness, includes financing contributions of $500 million from the World Bank Group, $500 million from the African Development Bank and $150 million from Britain.
01:29
CAF Champions League: TP Mazembe “fully prepared to defend its chances” in semi-final game
01:57
Egyptian,Turkish Foreign ministers urge de-escalation in the Middle East
02:24
Zimbabweans forced to use US dollar in absence of new currency ZiG
00:59
Least developed countries getting poorer as gap with richer nations widens - Report
00:58
Egypt to receive € 1 billion loan from EU
02:37
Charity: More than 10 million Sudanese children have been in warzone