Egyptian Minister of International Cooperation Rania al-Mashat and the World Bank on Tuesday has agreed to invest US$450 million to support the state’s efforts in combating the coronavirus pandemic. They also agreed upon implementing a comprehensive health insurance project for citizens in cooperation with the private sector and international financing institutions. The World Bank approved US$50 million for Egypt in May as an emergency response under the World Bank Group’s new Fast Track COVID-19 Facility — a global effort to help strengthen the COVID-19 response and shorten the time to recovery. The project aims to strengthen the prevention, detection, and response to the COVID-19 pandemic in Egypt. The World Bank also approved injecting $200 million to improve Greater Cairo’s air quality, combat climate change, reduce carbon dioxide emissions, and improve solid waste management.

Source: Egypt Independent November 11, 2020 09:56 UTC