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World Bank approves $500 million loan to Egypt for food security

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29.06.2022

The World Bank has approved a new loan to Egypt to help the country’s food security.

The DC-based financial institution announced the $500 million loan today. The project will finance the procurement of wheat imports. The amount of bread will be equivalent to one month’s worth of subsidized bread in Egypt’s national subsidy program, which provides bread to 71 million low-income Egyptians. The........

© Al Monitor


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