World Bank to provide $200-million loans to Egypt

Published April 17th, 2001 - 02:00 GMT

The World Bank has decided to grant a $200-million loan package to Egypt during the course of the year 2001. According to Al-Morakab Al-Inmai magazine, these loans are intended to finance economic and social development projects, in addition to advanced technology projects.  


The Egyptian World Bank representative, Mahmud Aiub, revealed that a joint work team was formed by the Bank and Egypt in order to determine the priority of the projects to be funded by these loans. — (Albawaba-MEBG)

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