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المصدر
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Egypt-WB $1B funding deal
Prime Minister Mostafa Madbouly witnessed the signing in the New Administrative Capital of a $1 billion financing agreement between Egypt and the World Bank, under the second phase of the Development Policy Financing Program. The agreement was signed by Foreign Minister Badr Abdelatty and the Bank’s Regional Director, Waleed al-Atabani. The program aims to boost the economy’s competitiveness, improve the business environment, build resilience to shocks and support the green transition. Its reforms include expanding the number of beneficiaries of the Takaful and Karama program, improving emissions monitoring and carbon markets, and strengthening the financial sustainability of the electricity and water sectors.
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