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World Bank approves loan to Egypt, praises government for growth during pandemic

The loan accompanies various reforms, including actions to increase economic participation of women.
World Bank

The World Bank approved a US $360 million loan for Egypt, the international financial institution announced today.

The loan aims to help Egypt’s recovery from the coronavirus pandemic and support economic growth. The DC-based bank said it awarded the loan following successful economic reforms in Egypt, according to a press release.

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