News

World Bank Disburses another $1 Billion for Socio-Economic Reform Programme

World Bank Disburses another $1 Billion for Socio-Economic Reform Programme

Photo Credit: REUTERS

Egypt has received another $US 1 billion from the World Bank to support inclusive growth programme.

The operation supports Egypt’s economic reforms through multiple projects to help Egypt reach its full potential and raise the living standards of all its people.

The loan is made for the Second Fiscal Consolidation, Sustainable Energy, and Competitiveness Programmatic Development Policy Financing (DPF) for Egypt.

“We welcome the World Bank’s support of the transformational economic reform agenda of the government. This operation is a central part of the World Bank’s support to help Egypt realise its full potential and raise the living standards of all its people,” said Egypt’s Minister of International Cooperation  Sahar Nasr, who also represents Egypt on the World Bank’s Board of Governors.

The World Bank finances multiples projects in Egypt that target socio-economic reforms starting from reducing poverty levels, increasing water sanitation, improving the healthcare system in addition to supporting employment-intensive projects.

UK to Follow U.S. Flight Ban on Electronic Devices
US Confirms Ban of Electronic Devices on EgyptAir, Prominent Arab Airlines

Subscribe to our newsletter


News

More in News

Mysterious Black Sarcophagus Finally Opened

Sara AhmedJuly 19, 2018

Egyptian Play ‘Mama’ Performed in Prominent French Festival d’Avignon

Mohamed MohsenJuly 19, 2018

Egypt’s Dodge-ball Team Set to Play in NYC World Cup

Sara AhmedJuly 19, 2018

Egypt’s House of Representatives Approves a $500 Million Loan to Reform Education

Marwan ShalabyJuly 18, 2018

Egyptian Parliament Passes New Law to ‘Fight Fake News’

Mirna AbdulaalJuly 18, 2018

Egyptian Military Officers May Receive Immunity Over 2013 Muslim Brotherhood Crackdown

Sabah KhodirJuly 17, 2018

Foreign Residents To Be Granted Egyptian Nationality For a Deposit of 7 Million LE

Mirna AbdulaalJuly 16, 2018

Case Of Three Slaughtered Children Found in Plastic Bags in Egypt Solved

Sabah KhodirJuly 16, 2018
Egyptian Streets is an independent, young, and grass roots news media organization aimed at providing readers with an alternate depiction of events that occur on Egyptian and Middle Eastern streets, and to establish an engaging social platform for readers to discover and discuss the various issues that impact the region.

© 2017 Egyptian Streets. All Rights Reserved.