World Bank approves $700 million loan to boost Egypt's private sector

The World Bank has approved a $700 million loan to help Egypt boost private sector participation in its economy, which has suffered from the fallout of the Israel-Gaza conflict, the organization said Monday.
   The program is designed to help address short-term economic challenges,
"unleash private sector growth," build macroeconomic and fiscal resilience,
and move the country onto a greener growth trajectory, the World Bank said in
a statement.