Minister Sahar Nasr
Egypt gets part of World Bank loan
Minister Sahar Nasr
Cairo - Arab Today
Egypt on Monday received the second tranche of a $3-billion World Bank loan in support of the government's economic and social agenda, International Cooperation Minister Sahar Nasr said.
In a statement on the ministry's Facebook page, Nasr said the second tranche would contribute to "encouraging private sector investment and supporting growth projects that promote employment".
Cairo received the first tranche of the loan in September 2016.
The minister said the financing was part of a loan of eight billion dollars, "six billion to the government and two billion to support the private sector" for the period 2015-2019.
Since the 2011 revolt that drove president Hosni Mubarak from power, Egypt has faced a serious foreign exchange shortage, as political instability puts off tourists and foreign investors.
In November, the International Monetary Fund approved a $12-billion loan to Egypt, conditional on its adoption of ambitious economic reforms including reducing state subsidies on energy.
Source: AFP
GMT 21:09 2017 Wednesday ,26 April
Egypt open for businessGMT 21:24 2017 Saturday ,22 April
Egypt seeks encouraging investmentsGMT 11:05 2017 Sunday ,19 March
Egypt’s minister reveals plan to increase investmentsGMT 19:10 2017 Tuesday ,07 March
Investment Ministry prioritizes solving problems facing investorsGMT 22:38 2017 Friday ,17 February
Investment promotion would be Sahar Nasr's main taskRussia tests new telemetry system during manned Soyuz MS-11 spacecraft’s launch
Moscow - TASS
The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launc...Read MoreGMT 23:28 2011 Friday ,25 November
Moenchengladbach go top in Germany
GMT 07:59 2017 Saturday ,09 December
Yemeni legitimacy troops managed to achieve advance
GMT 13:22 2018 Tuesday ,11 December
Mega-trends 2018: Reduced influence of international organizationsGMT 08:59 2012 Friday ,19 October
2 soldiers die after army Shell strikes weapon depot in Sanaa
GMT 03:29 2014 Saturday ,14 June
Batmobile revs up action in 'Arkham Knight' video game
GMT 11:10 2016 Saturday ,31 December
Thomas scores career-high 52GMT 01:16 2012 Saturday ,08 September
Counting down the days until school starts
GMT 03:12 2017 Thursday ,13 April
Resident rescued from Oman house fireGMT 16:53 2011 Thursday ,12 May
Queen Elizabeth\'s is second-longest reign
GMT 06:54 2018 Sunday ,14 January
Trump language on Africa unacceptable, racist
GMT 07:15 2018 Thursday ,11 January
Syrian opposition wants US to weigh in and counter Russia
GMT 21:48 2017 Sunday ,02 July
300 Daesh militants storm into Philippines school, take students hostages
GMT 15:34 2018 Monday ,08 January
ACWA Power plans three solar projects in Egypt
GMT 20:11 2017 Tuesday ,18 July
Cairo police arrest robbers of Banque Misr exchange company
GMT 04:24 2017 Monday ,17 April
EU foreign policy chief to visit India; to push for free trade talks
GMT 09:48 2017 Wednesday ,08 March
3 killed, 66 injured in Afghan capital military hospital terrorist attackGMT 15:10 2011 Sunday ,05 June
Eagleburger, US hails top diplomat dead at 80GMT 13:39 2012 Monday ,19 November
\'Zewail City claims not legitimate\'GMT 05:32 2012 Wednesday ,13 June
China to open more of Great Wall
GMT 15:04 2017 Wednesday ,18 January
Michel Houellebecq's mother didn't love himGMT 16:08 2011 Saturday ,30 April
Libyan leader ready for ceasefire but refuses to leave
GMT 13:07 2017 Monday ,25 September
CAPRICORN (December22nd-January20th)
GMT 10:58 2017 Tuesday ,31 October
Seven dead as Israel blows up tunnel from Gaza
GMT 10:23 2017 Monday ,13 February
Race for kilowatts empties Bosnian lake
GMT 14:03 2017 Thursday ,08 June
Agricultural lands one national security
GMT 07:53 2014 Thursday ,25 December
Clashes reported in 3 Turkish universities
GMT 11:27 2013 Monday ,05 August
Islamic heritage exhibition? opens in IraqGMT 13:42 2012 Tuesday ,03 July
Diversity, Minus the TokenismGMT 02:12 2012 Friday ,27 January
Tod’s No_Code Collection
GMT 20:19 2017 Saturday ,06 May
Hamas elects Haniya as new chief of Islamic movementGMT 17:58 2011 Wednesday ,10 August
Ghanaian Barusso attacked by Roma fans
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor