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LOANS & CREDITS

Egypt - Second Fiscal Consolidation, Sustainable Energy, and Competitiveness Programmatic Development Policy Financing

December 20, 2016

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.


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William Stebbins
Tel : (202) 458-7883
wstebbins@worldbank.org

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