Washington, June 29, 2022 – The World Bank’s Board of Executive Directors yesterday approved a US$500 million loan to bolster Egypt’s efforts to ensure that poor and vulnerable households have uninterrupted access to bread, to strengthen Egypt’s resilience to food crises and to support reforms in food security policies, including to improve nutritional outcomes.
The Emergency Food Security and Resilience Support Project will help cushion the impact of the war in Ukraine on food and nutrition security in Egypt. The Russian Federation and Ukraine are the world’s largest wheat exporters, and the war has driven up prices and created nutritional shortfalls, particularly for people who rely on bread for their daily nutritional needs. Bread is a staple in Egypt and this new project links wheat imports to direct assistance to the poor and vulnerable population through Egypt’s Bread Subsidy Program.
“This project supports the government’s strong commitment to ensuring that