World Bank Pledges $700 Million for Egypt's Economic Growth
The World Bank announced $700 million of budget support for Egypt, part of a larger $6 billion programme aimed at enhancing private sector participation, economic resilience, and greener growth. This initiative is part of a broader commitment to assist Egypt's economic stability and sustainable development.
![World Bank Pledges $700 Million for Egypt's Economic Growth](https://devdiscourse.blob.core.windows.net/aiimagegallery/11_06_2024_13_31_37_1343503.png)
- Country:
- Egypt
The World Bank announced on Monday $700 million of budget support for Egypt, part of a 3-year, $6 billion programme that the bank pledged earlier this year amid a windfall of foreign financing for the indebted North African country.
The $700 million is designed to help Egypt boost private sector participation, macroeconomic and fiscal resilience, and a greener growth trajectory, the World Bank said in a statement.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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