Egypt stands to access over $600 mln in wheat import ...Kuwait

Egypt stands to access more than $600 million from the World Bank and the European Union to improve its wheat silo system and support government wheat purchases as it struggles with the fallout from Russia’s invasion of Ukraine. Under a food security programme pending approval by the World Bank board, Egypt would receive $380 million to help its state grains buyer import up to 700,000 tonnes of wheat for its bread subsidy programme, a World Bank document showed. An additional $117.5 million would be allocated for increasing silo capacity, financing development of high-yield wheat varieties and improving climate resilience. Separately, the European Commission has mobil

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