World Bank to finance Egypt with $7 bln over 6 years ...Egypt

The latest program of the framework of cooperation with Egypt provides for the disbursement of US$7 billion to the country over a period of five or six years, the World Bank’s Vice President for the Middle East and North Africa, Farid Belhaj, said. Belhaj added, in an interview with Al-Arabiya channel, on the sidelines of the meetings of the International Monetary Fund and the World Bank, that between one billion dollars and $1.2 billion will be disbursed annually to Egypt to finance projects, whether infrastructure, education, transportation or environment friendly. Belhaj described cooperation with Egypt as “very strong”, stressing confidence in Egypt and the sustainability its economy. “I

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