Business

The World Bank Has Not Declared Egypt Bankrupt

Misbar's Editorial TeamMisbar's Editorial Team
date
25th April 2022
Last update
date
4:11 am
25th April 2022
The World Bank Has Not Declared Egypt Bankrupt
The claim arose after the International Monetary Fund's chief speech (Getty).

Emerging story

Social media users are spreading news claiming that Egypt has been declared bankrupt by the World Bank as a result of its inability to pay its obligations. 

Egyptian journalist Moataz Matar also alleged on his YouTube show that the World Bank revealed its "true colors" after it "put Egypt in debt."

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