Some foreign companies gain from financing GERD construction: minister ...Egypt

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The World Bank does not finance the Grand Ethiopian Renaissance Dam (GERD) construction, Foreign Minister Sameh Shoukry, said, adding that no country directly finances the dam, but some foreign companies gain from funding the project. Shoukry made these statements during a meeting of the African Affairs Committee in the House of Representatives on Thursday, in response to a question from Chairman of the Committee Sherif al-Gebaly, who asked who funded the Renaissance Dam. Shoukry said during the meeting: “There are no countries that directly finance the dam, and all international partners understand that the project is subject to disagreement, so they do not get involved in the dispute.” He

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