*SCZIN11: World Bank lends Iraq and Egypt more than two billion dollars Cairo will benefit from the loan for the implementation of 'major economic reforms', and Baghdad to adjust its finances and improve the efficiency of the energy sector and rising costs of security conditions.
WASHINGTON - The World Bank announced Thursday it had agreed to grant Iraq and Egypt, two loans of more than two billion and $ 200 million in the first to help him adjust its public finances and improve the efficiency of the energy sector and offset the decline in oil prices and the escalating costs of security conditions, and the second to support them in their endeavors to implement fundamental economic reforms.
The World Bank said it had agreed to give Iraq a loan of one billion and two hundred million dollars to help Baghdad in controlling public finances and improve the efficiency of the energy sector and offset the decline in oil prices and the escalating costs of security conditions.
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