Egypt Eyes USD1.3B World Bank Loans

A man at a water supply near an irrigated canal in Egypt. The World Bank and Egypt are discussing USD1.3 billion in loans to support projects in energy, agriculture, health, irrigation and education. Photo by: © Ray Witlin / World Bank

Egypt is in talks with the World Bank concerning USD1.3 billion in loans for the 2011-2015 period, according to the country’s minister for international cooperation.

“There is a partnership strategy between Egypt and the World Bank to finance some projects in energy, agriculture, health, irrigation and education,” Fayza Aboulnaga was quoted by Bloomberg as saying. “The amount is [USD]1.3 billion.”

About the author

  • Ma. Rizza Leonzon

    As a former staff writer, Rizza focused mainly on business coverage, including key donors such as the Asian Development Bank and AusAID.