The Health Ministry received the second and final tranche of a USD 75 mn loan from the World Bank (WB) ahead of its July deadline, Investment and International Cooperation Minister Sahar Nasr said on Monday, according to Al Borsa. The announcement comes a month afterDeputy Health Minister Sayed El Shahed said that the WB will not be disbursing the USD 35 mn tranche since the ministry had not spent the first USD 40 mn installment by the deadline specified in the agreement, which had been signed in January 2016. Nasr explained that the government was able to “step up its pace” in recent days to meet the WB’s requirements and receive the second tranche, which will be used to finance the purchase of equipment for some state-run hospitals.

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