The World Bank has approved $700 million in budget support for Egypt, part of a larger three-year, $6 billion program pledged earlier this year. This financial assistance, which includes development policy financing, comes amid a surge in foreign financing aimed at aiding Egypt's economic recovery. Additionally, Egypt is on the verge of securing a $1.1 billion loan from the European Union to further boost its economic recovery.
Egypt looks set to secure $1.1B EU loan to boost economic recovery https://t.co/FVbZI16ckg
The #WorldBank has announced a $700 million of budget support for #Egypt, part of a 3-year, $6 billion program that the bank pledged earlier this year amid a windfall of foreign financing for the indebted North African country. https://t.co/9BW43CSO0n
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World Bank approves $700m support for Egypt https://t.co/lRfAjAu3Zo
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