The World Bank announced on Monday $700 million of budget support for Egypt, part of a 3-year, $6 billion programme that the bank pledged earlier this year amid a windfall of foreign financing for the indebted North African country.

The $700 million is designed to help Egypt boost private sector participation, macroeconomic and fiscal resilience, and a greener growth trajectory, the World Bank said in a statement.

 

(Reporting by Aidan Lewis; Editing by Alison Williams)