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English news

05-Dec-2018

World Bank pledges USD1bn to support Egypt’s reform programme, private sector development

The World Bank has pledged to provide Egypt with a new USD1bn loan to help finance the next phase of the government’s economic reform programme, which focuses on spurring private sector growth, the bank said in a statement yesterday. “The program is designed to support three of the government’s key objectives of [creating jobs], improving government performance and raising living standards,” the statement read. 

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