egypt wb sign deal on 2nd tranche of 3bn wb loan
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Egypt, WB sign deal on 2nd tranche of $3bn WB loan

Arab Today, arab today

Arab Today, arab today Egypt, WB sign deal on 2nd tranche of $3bn WB loan

Minister Sahar Nasr signed with Asad Alam, the World Bank
Cairo - MENA

International Cooperation Minister Sahar Nasr signed on Thursday with Asad Alam, the World Bank Country Director for Egypt, Yemen and Djibouti, an agreement covering the one–billion-dollar second tranche to be extended by the World Bank to support comprehensive economic and social development in Egypt.

The tranche – which is part of a three-billion-dollar loan – will boost hard currency reserves and, hence, support development projects, Nasr said.

The three-year loan also backs the government's social protection program for supporting needy people, Nasr said.

The World Bank's approval to extend the loan to Egypt underlines confidence in Egypt's national economy, she said.

She also noted that the African Development Bank also agreed two days ago to extend a 500 million dollar tranche to Egypt as part of a 1.5 billion dollar three-year loan.

The World Bank official stressed support for the ambitious Egyptian reform program which focuses on creating jobs, improving business institutions competitiveness and raising people's standards of living.

He noted that the extended funds would be allocated to support development sectors, especially sanitation in rural areas as well as other infrastructure projects.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

egypt wb sign deal on 2nd tranche of 3bn wb loan egypt wb sign deal on 2nd tranche of 3bn wb loan

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

egypt wb sign deal on 2nd tranche of 3bn wb loan egypt wb sign deal on 2nd tranche of 3bn wb loan

 



GMT 15:47 2017 Sunday ,17 December

Alonso edges Chelsea past Southampton

GMT 20:35 2017 Tuesday ,26 September

Military production companies aim at 100% locally-made

GMT 16:39 2017 Saturday ,11 February

Yemen's rebels demand dismissal of UN peace envoy

GMT 01:54 2017 Saturday ,23 September

Venezuela protest death toll rises in renewed violence

GMT 20:19 2016 Thursday ,17 November

Cairo film festival begins with a bang

GMT 02:24 2017 Saturday ,18 November

Hariri expected in France after 'Saudi hostage' rumours

GMT 06:07 2013 Monday ,15 July

Egypt freezes Islamist leaders\' assets

GMT 06:07 2017 Saturday ,30 September

At least 12 Afghan security forces killed

GMT 00:18 2016 Tuesday ,27 September

Probe own brother, ousted Thai PM tells junta chief

GMT 13:22 2017 Friday ,01 December

Ambassadors of Western nuclear powers
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday