The World Bank announced a new $300 million loan for complementing the current Sustainable Rural Sanitation Services Program in Egypt.
In a short statement released on Saturday, the World Bank said that it aims "to support the expansion of the government’s efforts to increase access to, and improve rural sanitation services in Egypt’s poorest governorates."
The project has started in July 2015 and is expected to end in August 2022, according to the World Bank.
The total cost of the project is $550 million.
According to the bank, the development objective of the program "is to strengthen institutions and policies for increasing access and improving rural sanitation services in the Governorates of Beheira, Dakahliya, and Sharkiya in Egypt."
Meanwhile, the World Bank group finances programmes and projects to help Egypt reduce poverty and boost shared prosperity.
It currently has a portfolio of 16 projects in Egypt with a total commitment of $6.69 billion.