Egypt expects to receive dedicated budget support of around $1 billion from the World Bank during the first half of 2024, according to Egyptian Minister of International Cooperation Rania Al-Mashat. Al-Mashat, who also serves as Egypt’s governor at the World Bank, indicated in an interview with Al-Sharq Business on the sidelines of the spring meetings of the International Monetary Fund (IMF) and the World Bank that the $6 billion in financing announced by the World Bank Group last March over the next three years will be directed to the public and private sectors. She pointed out that the government will receive $3 billion in financing, of which $500 million annually is allocated to support t
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