The board of executive directors of the World Bank Group has approved a $500 million loan to support Egypt’s food security plans for poor and vulnerable households, according to a press release on June 29th. The Emergency Food Security and Resilience Support Project will help mitigate the impact of the Russian-Ukrainian war on food security in the North African country. The project links wheat imports to direct assistance of the affected communities in Egypt through the country’s Bread Subsidy Program. Moreover, the World Bank’s project will support Egypt’s endeavors in the reduction of waste and loss in the wheat supply chain through upgrading and expanding climate-resilient wheat silos. “This emergency operation comes at a very critical juncture when the food security of many countries is threatened by the war in Ukraine,” World Bank Country Director for Egypt, Yemen, and Djibouti Marina Wes said.

Source: The North Africa Journal June 30, 2022 11:23 UTC