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](/sites/default/files/styles/article_hero_medium/public/2021-10/GettyImages-1083976758.jpg?h=a5ae579a&itok=lryLB8vM)
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.