Cairo – Mubasher: The World Bank Group’s board of directors approved a $50 million loan to Egypt to finance emergency response activities related to the coronavirus (COVID-19) pandemic.
Egypt has been eligible to receive $50 million loan, the maximum funding allowed for countries with population of 100 million, according to a statement released by the Ministry of International Coopration on Sunday.
The funding will be used to purchase and distribute medical equipment supplies and strengthen precautionary measures and medical diagnostic services to help combat the spread of the virus.
