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Parliament committee approves $200M loan from IBRD

Parliament committee approves $200M loan from IBRD

ArabFinance: Parliament’s Energy and Environment Committee approved a $200 million loan from the International Bank for Reconstruction and Development (IBRD), the World Bank lending arm, Akhbar el Yom reported.  

The loan will be allocated for Egypt’s green recovery project, which will modernize air quality monitoring systems, establish safe landfills in Tenth of Ramadan City, safely eliminate dumps in Abu Zaabal.

The facility will be also used to support other green initiatives.

 

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