World Bank to provide Egypt $6bn support over 3 years, with $3bn for gov't initiatives and $3bn for private sector.
The World Bank plans to provide Egypt with over $6bn in support over the next three years, including $3bn for government initiatives and programs and an additional $3bn for the private sector, according to the World Bank Group's announcement. This financial aid aims to prioritize private sector involvement in Egypt's economy and focuses on initiatives like the government's Asset Monetization Program. The funding follows Egypt's agreement with the International Monetary Fund for an expanded $8bn loan.
March 18, 2024
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