Thread: World Bank Pledges 1.14 Billion for Egyptian Power....

– Sun May 29, 11:38 am ET
CAIRO (AFP) – The World Bank has agreed to give Egypt up to 1.14 billion dollars in support for electricity projects, a minister said in a statement on Sunday.

Electricity Minister Hassan Yunis said "there is an agreement with the World Bank to fund several projects with up to 1.14 billion dollars."
The projects include a 1500-megawatt power plant in Giza province and transport infrastructure between power plants.
The World Bank last week pledged up to six billion dollars in new aid to Egypt and Tunisia to help modernise and revitalise their economies after revolts which ejected long-serving strongmen earlier this year.
Egypt faces a budget deficit of between 9.9 and 11 percent for the 2011-2012 fiscal year, according to Finance Minister Samir Radwan.

This is quite interesting.....Considering Obama Met with the G8 on Thursday. So in one day the World Bank pledges 6 Billion Dollars to Egypt and Tunisia. During our Holiday Weekend they manage to come up with 1.14 Billion for Egypt . I have a question? Where did they get the fucking money from? Considering Damn near all of the EU is broke. How did they do this on a damn Sunday? Thoughts?

From our central banks and the to big to fails. In other words, us.


People think the world bank is a world bank. These same people that thought the federal reserve was part of the government are just plain ignorant and can't see past a title.

What Obama deliver the check personally? Guess there must be some banks that are not closed on Sunday. These French Fucks announced on Thursday an amount that they werent suppose to put out there. Memorial Weekend shows up and hey we are throwing out most of that billion to Egypt. All because they say they need money by July. WTF!

Originally Posted by Midwest Media Critics

What Obama deliver the check personally? Guess there must be some banks that are not closed on Sunday. These French Fucks announced on Thursday an amount that they werent suppose to put out there. Memorial Weekend shows up and hey we are throwing out most of that billion to Egypt. All because they say they need money by July. WTF!

The IMF is working diligently to provide these funds. They have to make it appear ElBaradei is doing good for the Egyptians, it is a false sense of security in their minds and I think they believe it will quash this round of real protest. The IMF can ill-afford real protest from the people as they will lose their foothold.