World Bank approves $50m in emergency funding to Egypt

World Bank approves $50m in emergency funding to Egypt

Egypt has been eligible to receive $50 million loan, the maximum funding allowed for countries with population of 100 million, according to a statement released by the Ministry of International Coopration on Sunday.. Egypt; Former Investment Minister slams recent IMF loan to Egypt as "political support to Sisi". Last February A paper the World Bank released shows that countries dependent on aid from the organization see increased flows into tax secrecy havens, suggesting that some of its funds are ending up in the wrong hands..