The World Bank's Institutional Development Fund (IDF) has attributed 247 million U.S. dollars support to Egypt, state media reported on Wednesday.

The IDF will grant the fund worth 247.51 million U.S. dollars to offer institutional support to the Ministry of International Cooperation for cooperation with international organizations, the official MENA news agency said.

It will also help boost the capabilities of the ministry in following up and supervising the implementation of projects financed by Egypt's development partners, it added.

The IDF, a World Bank grant facility launched in 1992, was designed to finance quick, action-oriented, innovative capacity- building activities.

VietNamNet/Xinhuanet