• 16:25
  • Tuesday ,18 October 2016
العربية

Egypt to receive $1.5 bln fund from World Bank this FY

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12:10

Tuesday ,18 October 2016

Egypt to receive $1.5 bln fund from World Bank this FY

 Egypt is expected to receive a $1.5 billion fund from the World Bank during the current fiscal year as part of a 3yr- fund program worth $4.5 billion, Hafez Ghanme, vice president of the Middle East and North Africa at the World Bank, told Youm7.

 
The first tranches of the fund was received during the last fiscal year 2015-2016, while the third is expected to be delivered during the next FY2017-2018.