{"id":572363,"date":"2020-06-22T03:43:55","date_gmt":"2020-06-22T03:43:55","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/06\/22\/egypt-receives-first-installment-of-usd-500-mn-world-bank-facility\/"},"modified":"2020-06-22T03:43:55","modified_gmt":"2020-06-22T03:43:55","slug":"egypt-receives-first-installment-of-usd-500-mn-world-bank-facility","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/06\/22\/egypt-receives-first-installment-of-usd-500-mn-world-bank-facility\/","title":{"rendered":"Egypt receives first installment of USD 500 mn World Bank facility"},"content":{"rendered":"

The World Bank has disbursed the first USD 325 mn tranche of a <\/strong>USD 500 mn<\/a><\/strong>facility<\/a><\/strong> to subsidize the Takaful and Karama cash subsidy programs<\/strong>, Social Solidarity Minister Nivine El Kabbag tells Al Mal<\/a>. The remaining USD 175 mn is expected to land in Egypt within days, according to El Kabbag.<\/p>\n","protected":false},"excerpt":{"rendered":"

The World Bank has disbursed the first USD 325 mn tranche of a USD 500 mnfacility to subsidize the Takaful and Karama cash subsidy programs, Social Solidarity Minister Nivine El Kabbag tells Al Mal. The remaining USD 175 mn is expected to land in Egypt within days, according to El Kabbag.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9285],"tags":[2398,72,5353,3630,190,98,2200,321],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-572363","post","type-post","status-publish","format-standard","hentry","category-diplomacy-foreign-trade","tag-diplomacy-foreign-trade","tag-enterpriseam","tag-nivine-el-kabbag","tag-social-solidarity-ministry","tag-social-welfare","tag-subsidies","tag-takaful-and-karama","tag-world-bank","wpautop","entry"],"acf":{"mongo_id":"43a113fd-1bb0-48df-ab14-8e56951f0b32","is_powered_by":true,"section_story_id":"8efd24b1-3514-424b-a52c-9752c164dc21","story_type":"1","photo_url":"","photo_position":"above","related_issue":[572341],"teaser":"","voice_url":""},"yoast_head":"\nEgypt receives first installment of USD 500 mn World Bank facility - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2020\/06\/22\/egypt-receives-first-installment-of-usd-500-mn-world-bank-facility\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt receives first installment of USD 500 mn World Bank facility\" \/>\n<meta property=\"og:description\" content=\"The World Bank has disbursed the first USD 325 mn tranche of a USD 500 mnfacility to subsidize the Takaful and Karama cash subsidy programs, Social Solidarity Minister Nivine El Kabbag tells Al Mal. The remaining USD 175 mn is expected to land in Egypt within days, according to El Kabbag.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2020\/06\/22\/egypt-receives-first-installment-of-usd-500-mn-world-bank-facility\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2020-06-22T03:43:55+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/06\/22\/egypt-receives-first-installment-of-usd-500-mn-world-bank-facility\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/06\/22\/egypt-receives-first-installment-of-usd-500-mn-world-bank-facility\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Egypt receives first installment of USD 500 mn World Bank facility\",\"datePublished\":\"2020-06-22T03:43:55+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/06\/22\/egypt-receives-first-installment-of-usd-500-mn-world-bank-facility\/\"},\"wordCount\":59,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Diplomacy + Foreign Trade\",\"EnterpriseAM\",\"Nivine El Kabbag\",\"Social Solidarity Ministry\",\"social welfare\",\"subsidies\",\"Takaful and Karama\",\"World Bank\"],\"articleSection\":[\"Diplomacy + Foreign Trade\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/06\/22\/egypt-receives-first-installment-of-usd-500-mn-world-bank-facility\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2020\/06\/22\/egypt-receives-first-installment-of-usd-500-mn-world-bank-facility\/\",\"name\":\"Egypt receives first installment of USD 500 mn World Bank facility - 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This will bring the number of beneficiaries of the cash subsidy programs to 3.4 mn families, or approximately 14 mn individuals.\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/1\/578.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":632364,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/08\/social-solidarity-ministry-to-receive-last-tranche-of-usd-400-mn-world-bank-loan-by-end-of-fy2017-18\/","url_meta":{"origin":572363,"position":2},"title":"Social Solidarity Ministry to receive last tranche of USD 400 mn World Bank loan by end of FY2017-18","author":"enterpriseam admin","date":"8 February 2018","format":false,"excerpt":"The Social Solidarity Ministry will open talks with World Bank this month to receive the last USD 35 mn tranche of a USD 400 mn loan funding the Karama and Takaful programs, sources tell Al Mal. 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The bill, if passed, would require the government to provide families eliminated from the Takaful or Karama\u2026","rel":"","context":"In "Up Next"","block_context":{"text":"Up Next","link":"https:\/\/enterpriseam.com\/egypt\/category\/up-next\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":595083,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/16\/egypt-to-obtain-first-segment-of-usd-500-mn-world-bank-loan-next-fiscal-year\/","url_meta":{"origin":572363,"position":4},"title":"Egypt to obtain first segment of USD 500 mn World Bank loan next fiscal year","author":"enterpriseam admin","date":"16 September 2019","format":false,"excerpt":"Takaful and Karama will receive first payment of USD 500 mn World Bank loan next fiscal year: The Social Solidarity Ministry will start receiving payments from the USD 500 mn World Bank loan for the Takaful and Karama social welfare programs in three tranches over three years, starting from FY2020-2021,\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":578358,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/26\/egypt-secures-usd-500-mn-from-the-world-bank-to-support-takaful-and-karama\/","url_meta":{"origin":572363,"position":5},"title":"Egypt secures USD 500 mn from the World Bank to support Takaful and Karama","author":"enterpriseam admin","date":"26 December 2022","format":false,"excerpt":"Egypt\u2019s Takaful and Karama program gets a boost: The World Bank has agreed to a USD 500 mn loan in development financing to expand and strengthen the Takaful and Karama program amid soaring food and energy inflation, according to an International Cooperation Ministry statement and a WB statement(pdf). 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