CAIRO: In support of the Middles East, especially the uprising states like Egypt and Tunisia, the World Bank (WB) has announced a new mechanism to revive foreign investments in those countries by allocating a billion dollars as insurance to cover the risks of investing in Arab states. The insurance will last three to five years and help countries get out of financial and economic crises. The Bank said insurance for political risks is significant coverage for all investors who are worried about their projects in the present and future. “We cares about Egypt and encourage it to go forwards with democracy. Our program's main aim is to support the government and attract foreign investors to expand mechanisms of information trading, and to enhance transparency,” said the World Bank in a statement. The statement also said the Bank has a portfolio for existing projects, worth 3.8 billion dollars of credit loan volume to Egypt. Providing Egypt with 4.5 billion dollars within the next two years is still being considered. Around two billion dollars of that value will be loans for political development, one billion will be granted in 2011, while the last billion will be given in 2012.
