World Bank Approves $1 Billion to Support Egypt’s Economy
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World Bank approves $1 billion to support Egypt’s economy
The World Bank has approved a billion dollar financing package to support Egypt’s efforts in boosting private sector-led job creation, strengthening macroeconomic and fiscal resilience, and advancing its transition toward a green economy. This funding includes a $200 million credit guarantee provided by the UK. Known as the “Building Resilience, Opportunities, and Wealth for Egypt’s Prosperity and Stability (BROWS)” program, this second phase of…
World Bank approves $1 billion financing package for Egypt
Cairo : The World Bank approved a $1 billion financing package to support Egypt’s efforts to promote private sector-led job creation and strengthen economic reforms. The package includes a $200 million credit guarantee to support Egypt’s economic reform programme. The World Bank said the programme aims to improve the investment environment, create jobs, strengthen public financial management, support sustainable economic growth, and accelerate t…
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