VOL. XLIV

No 45

5-November-2001

EGYPT

World Bank Signs $50Mn Loan Agreement For EgyptianDrainage Project

On 26 November 2000 the World Bank signed a $50mnloan agreement with Egypt for a drainage project, according to the latest issueof Egypt痴 Official Gazette dated 20 September. The loan carries a tenorof 20 years with a grace period of 5 years. The project aims to increase theagricultural productivity of around 340,000mn hectares of irrigated land byimproving drainage conditions through the...