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Egypt - Upper Egypt Local Development Program-for-Results

October 29, 2016

WASHINGTON, September 29, 2016 - The World Bank’s Board of Executive Directors today approved the following project:

Egypt - Upper Egypt Local Development Program-for-Results

IBRD Loan: US $ 500 million

Loan Maturity: 34.5 years Grace period: 4.5 years

Project ID: P157395

Project Description: The Program Development Objective is to improve the business environment for private sector development and strengthen local government capacity for quality infrastructure and service delivery in select governorates in Upper Egypt. The proposed Program will introduce an integrated approach to improving local development anchored at the governorate level.

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