World Bank to give Egypt $500 million to boost food security

tourists walking on ancient square near pyramid of cheops and sphinx statue
Reading Time: < 1 minute

CAIRO, June 29 (Reuters) – The World Bank has agreed to provide Egypt with $500 million in development funds to boost food security amid the fallout from the coronavirus pandemic and the war in Ukraine, Egypt’s international cooperation ministry said on Wednesday.

The funds will primarily support the country’s wheat purchases to help the government maintain a strategic reserve and utilize the investments made in raising the country’s grain storage capacity, the ministry added.

Once you're here...

%d bloggers like this: