World Bank Group Announces $6 Billion Financial Support for Egypt ...Egypt

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World Bank Group Announces $6 Billion Financial Support for Egypt
The World Bank Group (WBG) is providing Egypt with a new USD 6 billion (EGP 283.05 billion) financial support package, the multilateral lender announced on 18 March. “[WBG] supports the measures [Egypt] is taking for its economic recovery and restoring a sustainable path for inclusive growth,” the press release explains, also highlighting WBG’s commitment to its long-term strategic partnership with Egypt. Designed to advance Egypt’s economic development and foster increased private sector involvement, the WBG outlined a program to enhance the country’s economic landscape through several channels. The funding, which will be allocated over the next three years, comprises USD 3 billion (EGP 141

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