World

Egypt signs $1bn World Bank financing deal under reform program

RIYADH: Egypt has signed a $1 billion financing agreement with the World Bank, aimed at strengthening economic competitiveness, improving the business environment and supporting the country’s green transition. The agreement forms part of the North African country’s broader efforts to mobilize development financing from international and regional institutions and strengthen the economy’s ability to withstand external shocks, according to a statement from the Ministry of Foreign Affairs. The Wo