WASHINGTON, December 20, 2016 - The World Bank’s Board of Executive Directors approved the following project:
Egypt - Second Fiscal Consolidation, Sustainable Energy, and Competitiveness
Programmatic Development Policy Financing
IBRD Loan: US $ 1,000 million
Maturity of 35 years, Grace period of 5 years
Project ID: P161228
Project Description: The Program Development Objectives are to advance fiscal consolidation through higher revenue collection, greater moderation of the wage bill growth and stronger debt management; ensure sustainable energy supply through private sector engagement; and enhance the business environment through investment laws, industrial license requirements as well as enhancing competition.