World Bank to finance Egypt with $7 bln over 6 years

This is stated earlier from the World Bank’s Vice President for the Middle East and North Africa, Farid Belhaj, said.

Belhaj added, in an interview with Al-Arabiya channel, on the sidelines of the meetings of the International Monetary Fund and the World Bank, that between one billion dollars and $1.2 billion will be disbursed annually to Egypt to finance projects.

The focus of these funds will be for infrastructure, education, transportation or environmentally friendly projects. 

Belhaj described cooperation with Egypt as “very strong”, stressing confidence in Egypt and the sustainability of its economy.