$490 million from World Bank to Egypt

Egypt agreed with the World Bank for the bank to finance projects to increase resources to limited income families at a value that might exceed $200 million, knowing that the project's cost may reach $490 million.

The bank will contribute to providing technical aid to prepare special centers for qualifying graduates to gain experiences that agree with the needs of the labor market.

Economy Minister Yousef Butros Ghali said the bank will contribute to financing a big a part of projects of the social fund for development to provide work opportunities for the youths.