Cabinet approves measures to obtain WB loan worth $ 3bn
Council ministers
Cairo - MENA
The Cabinet, under Prime Minister Sherif Ismail, approved on its weekly meeting Wednesday finalizing measures to obtain a three-billion-dollar loan from the World Bank (WB).
The loan will be used in supporting the budget state, the cabinet said.
This comes in the light of the ministerial group's decision to finance program for supporting the state budget and after the International Cooperation Ministry's consultations with the International Bank for Reconstruction and Development (IBRD) on the possibility of providing funds to back the state's budget within the economic and social reform program.
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