World Bank provides economic support to Egypt

The World Bank stated that it supports Egypt's development and reform efforts. In the statement released by the bank, it was reported that it plans to provide a total of more than 6 billion dollars in support to Egypt over the next 3 years, with 3 billion dollars allocated as financial support for government programs and 3 billion dollars for the private sector.

Emphasizing that the World Bank Group is committed to a long-term strategic partnership with Egypt, it was conveyed that the measures taken by the country to re-establish a sustainable path for economic recovery and inclusive growth are being supported.

INCENTIVE FOR EGYPT

It was noted that the World Bank supports Egypt in priority areas such as the growth of the private sector and job creation, the improvement of human capital through inclusive social protection, health and education systems, and the promotion of resilience through climate-smart solutions and strengthened economic management.

News Source: AA