VOL. XXXIV

NO. 39

1-JULY-1991

Egypt

World Bank lends Egypt $84mn for Gas Distribution Project

The World Bank has announced the extension of a loan of $84mn to help financea gas distribution project in Egypt. The loan is for 20 years, including fiveyears grace, with a variable interest rate, currently 7.73%, linked to the costof the Bank's borrowings. It also carries an annual commitment of 0.25% on theundisbursed balance.

The project includes the expansion of the gas distribution system in...