EGYPT
World Bank withholds Further Loans for Energy Sector
The World Bank has decided not to extend further loans for Egypt's electricity and petroleum sectors as of the start of the current year, according to the Arabic-language London daily al-Sharq al-Awsat of 29 May. The daily adds that Egyptian Electricity and Energy Minister Muhammad Mahir Abazah advised the parliamentary industrial committee that the World Bank had made the resumption of such loans contingent upon Egypt...
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