World Bank grants $247 mn to Egypt
August 11th, 2011 - 6:21 am ICT by IANSCairo, Aug 11 (IANS) The World Bank’s Institutional Development Fund (IDF) has attributed $247 million support to Egypt, Xinhua reported Thursday.
The IDF will grant the fund worth $ 247.51 million to offer institutional support to Egypt’s Ministry of International Cooperation for cooperation with international organisations, the official MENA news agency stated.
It will also help boost the capabilities of the ministry in following up and supervising the implementation of projects financed by Egypt’s development partners, it added.
The IDF, a World Bank grant facility launched in 1992, was designed to finance quick, action-oriented, innovative capacity- building activities.
- Saudi Arabia to grant Egypt $4 bn for economic recovery - May 22, 2011
- Egypt to get $3 bn loan from IMF - Jun 06, 2011
- Egyptian military rulers meet US top military official - Feb 11, 2012
- World Bank grants $155.3 million loan for Kerala water project - Dec 16, 2011
- World Bank offers $200 million loan to Kerala (With Images) - Jul 05, 2011
- Egypt minister appointed World Bank Managing Director - Sep 26, 2010
- Government signs accord with World Bank $155.3 mn grant (With Image) - Feb 17, 2012
- India launches $2 billion infrastructure debt fund - Mar 05, 2012
- US gives $40 mn for Bangladesh health sector - Apr 09, 2012
- Venu Rajamony handpicked for Finance Ministry post - Oct 06, 2010
- International community expresses alarm after raids on NGOs in Egypt - Jan 01, 2012
- India to set up debt fund to finance infrastructure - Jun 24, 2011
- World Bank chief Zoellick in India Monday - Mar 25, 2012
- World Bank approves 125-mn-dollar support for Pakistan flood victims - Mar 31, 2011
- Rajamony to oversee multilateral agencies at finance ministry - Oct 05, 2010
Tags: capabilities, capacity building, development partners, egypt cairo, grants, idf, implementation, institutional development, institutional support, international organisations, mena, ministry of international cooperation, news agency, world bank, xinhua