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World Bank agrees $500m to help Egypt fund wheat purchases

A farmer carries a bundle of wheat on a farm in the Nile Delta province of al-Sharqia, Egypt, Wednesday, May 11, 2022. Egypt will receive a $500 million loan from the World Bank to help finance its wheat purchases as prices skyrocket because of the Russian invasion of Ukraine, the Bank said Wednesday, June 29, 2022. The funds, approved Tuesday by the World Bank Board of Executive Directors, aim at supporting Egypt’s efforts to provide subsidized bread to poor and vulnerable households, it said. (AP Photo/Amr Nabil, File)