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Africa North
Egypt, World Bank sign $200 million loan project
2012-08-15
Egyptian Cabinet ministers and World Bank officials have signed off on a $200 million project aimed at creating 250,000 jobs after more than a year of slow economic growth.
 
The World Bank says the investments will be spent on financing for job creation by improving the environment for private sector-led growth and education.
Ta daaaa! Egypt has found another sucker to "loan" it money for operating expenses that will never be repaid.
Posted by:trailing wife

#4  Jizya.
Posted by: Ebbang Uluque6305   2012-08-15 12:19  

#3  Glad to see they are following our highly successful lead.
Posted by: Besoeker   2012-08-15 07:19  

#2  Before, or after the rake-off by everyone able.
After, a few months, before, a few years.
(A LOT goes "Missing" over there)
Posted by: Redneck Jim   2012-08-15 01:57  

#1  Two hundred million, eh? How many months does that buy them at current grain & fuel prices?
Posted by: SteveS   2012-08-15 01:17  

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