The Asian Infrastructure Investment Bank approved $360 million in financing for Egypt on Tuesday, according to a statement by Minister of International Cooperation Rania Al-Mashat carried by the state news agency, MENA.

The funds will help support Egypt's recovery from the COVID-19 pandemic and strengthen economic and structural reform programs, Mashat added.

(Reporting by Moataz Abdelrahiem; Writing by Lina Najem; Editing by Kevin Liffey) ((Nadine.Awadalla@thomsonreuters.com;))