Egypt and World Bank strengthen partnership for economic reforms, approving $700m first tranche of DPF program and promising $6bn over three years.

Egypt and the World Bank pledged to strengthen their partnership as Egypt advances with economic reforms. The collaboration aims to support Egypt's economic growth and development, with a focus on human capital, localizing industry, and encouraging investments in productive and export sectors. The World Bank has approved the first tranche of the Development Policy Financing (DPF) program, totaling $700 million, and has promised $6 billion in financing for Egypt's economic reforms and private sector development over the next three years.

July 27, 2024
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