6 billion dollars aid from the World Bank to Egypt
| The World Bank announced the allocation of financial aid to Egypt to improve the country's economic situation. |
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The World Bank announced in a statement that over the next three years, the World Bank will provide more than $6 billion in financial aid to Egypt.
According to the World Bank, these aids will include $3 billion in financial aid for government programs and $3 billion for the private sector, after approval by the bank’s board of directors. The World Bank has currently invested more than 8 billion dollars in Egypt.
On Sunday, the European Union introduced an aid package for Cairo to help Egypt in the midst of its economic crisis. The aid package of the European Union was allocated to Egypt in the amount of 8 billion dollars.
The European Union has announced a new aid package due to concerns that economic pressure and conflict and chaos in African countries could send more migrants to European shores.
Egypt, the most populous Arab country, is facing the worst economic crisis in its history and a growing need for financial aid.
