Skip to Content

World Bank agrees $500m to help Egypt fund wheat purchases

KTVZ

CAIRO (AP) — Egypt will receive $500 million loan from the World Bank to help the Arab world’s most populous country finance its purchases of wheat. The World Bank says the funds will help Egypt’s government finance procurement of imported wheat. Egypt is the world’s largest wheat importer and the country’s supply is subject to price changes on the international market. Russia’s war in Ukraine has already hiked prices of wheat since both Russia and Ukraine export nearly a third of the world’s wheat.

Article Topic Follows: AP National Business

Jump to comments ↓

Associated Press

BE PART OF THE CONVERSATION

KTVZ NewsChannel 21 is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.

Skip to content