Mubasher: The executive board of the World Bank Group (WB) has approved on Tuesday a development policy loan for Egypt to support the country’s economic reform programs.
The $1.15 billion loan includes financing contributions of $500 million from the World Bank Group, $500 million from the African Development Bank, and $150 million from Britain, as reported by Reuters.
The loan is the last in a series of three annual loans totaling $3.15 billion issued from 2015 to 2017, the World Bank said in a statement.
