| Financier | Commitments |
|---|---|
| International Bank for Reconstruction and Development | 700.00 |
Generating Resilience, Opportunities, and Welfare for a Thriving Egypt (GROWTH)
Abstract*
Egypt stands at an inflection point in its social and economic development journey. While reforms implemented since 2016 had helped improve economic buffers, economic imbalances remained. These imbalances were exacerbated by external shocks leading to capital flight in March 2022 as investors became concerned about the sustainability of policy settings. The revised International Monetary Fund (IMF) program, as part of a collective development partner... Show More
Development Objective
The Development Objective is to foster a competitive, resilient and green economy.
Key Details
Project Details
P504910
Active
Mark Ahern , Ghada Ismail, Affouda Biaou
Arab Republic of Egypt
March 25, 2024
(as of board presentation)
June 21, 2024
N/A
US$ 0.00 million
Ministry of International Cooperation of Egypt
2024
US$ 700.00 million
N/A
N/A
December 1, 2025
BANK APPROVED
Finances
Financing Plan (US$ Millions)
Total Project Financing (US$ Millions)
| Product Line | IBRD/IDA |
|---|---|
| IBRD Commitment | 700.00 |
| IDA Commitment | N/A |
| IBRD + IDA Commitment | 700.00 |
| Lending Instrument | |
|---|---|
| Grant Amount | N/A |
| Total Project Cost** | N/A |
Summary Status of World Bank Financing (US$ Millions) as of March 31, 2025
No data available.
| Period | Financier | Transaction Type | Amount (US$) |
|---|---|---|---|
| Jun 21, 2024 | IBRD-97060 | Loan Commitment | 700,000,000.00 |
Results Framework
No data available.