World Bank to allocate $ 8 billion in Egypt for three years

CAIRO, September 11 -. RIA Novosti World Bank from 2015 to 2019 will provide Egypt eight billion dollars loan for the implementation of economic reforms in the country, according to the Egyptian news agency MENA , citing the statement of the director of a financial organization in Egypt, Yemen and Djibouti Asgada Alam .

On Friday, Egypt has received from the World Bank's first tranche loan of one billion dollars.

The funds, according to officials of the World Bank, should help Egypt to "stabilize financial markets, promote sustainable energy supply, increase competitiveness by creating jobs and attracting private sector investment."