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

‘There Is No Planet B’: 16 Inspiring Photos of the Global Youth Climate Strike

Egyptian StreetsSeptember 20, 2019

Small, Scattered Anti-Government Protests Occur in Egypt

Egyptian StreetsSeptember 20, 2019

Israeli Tourism in Sinai Soars to Over 1 Million Vacationers in 2019

Egyptian StreetsSeptember 20, 2019

New Egyptian Law Requires Access to Customer Data From Careem, Uber

Egyptian StreetsSeptember 20, 2019

Egypt’s Ban from Weightlifting World Championships Could Extend to 2020 Olympics

Egyptian StreetsSeptember 19, 2019

‘Aladdin’ Star Mena Massoud Chosen Ambassador for ‘Speak Egyptian’ Initiative

Egyptian StreetsSeptember 19, 2019

Egypt Will Mark World Cleanup Day with 4 Massive Eco Campaigns

Egyptian StreetsSeptember 18, 2019

Egypt Issues Arrest Warrant for Italian Diplomat Accused of Smuggling Antiquities

Egyptian StreetsSeptember 17, 2019
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.