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LOANS & CREDITS December 7, 2017

Egypt - Third Fiscal Consolidation, Sustainable Energy, and Competitiveness Programmatic Development Policy Financing (DPF)

WASHINGTON, December 5, 2017 - The World Bank’s Board of Executive Directors today approved the following project:

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

IBRD Loan: US$1,150 million

Project ID: P164079

Loan maturity: 35 years – Grace period of 5 years

Project Description: The project will 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.


Contacts

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