World Bank is ready to finance inter-Arab infrastructure

Ahram Online, Tuesday 18 Jan 2011

Amr Mousa & Mohey El-Dien

The World Bank signed a memorandum of understanding with the Arab League within the context of the Arab World Initiative launched by the World Bank in 2007.

The memorandum focuses on mutual fields of concern as infrastructure and education.

"The World Bank is ready to finance the inter-Arab projects of infrastructure", said Mahmoud Mohie Eddine, general manager of the World Bank, after the signing ceremony in Shram El-Sheikh and one day before the Second Arab Economic Summit.


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