{"id":592838,"date":"2019-11-07T04:11:03","date_gmt":"2019-11-07T04:11:03","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/07\/cabinet-approves-usd-500-mn-world-bank-loan-for-egypts-social-housing\/"},"modified":"2019-11-07T04:11:03","modified_gmt":"2019-11-07T04:11:03","slug":"cabinet-approves-usd-500-mn-world-bank-loan-for-egypts-social-housing","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/07\/cabinet-approves-usd-500-mn-world-bank-loan-for-egypts-social-housing\/","title":{"rendered":"Cabinet approves USD 500 mn World Bank loan for Egypt\u2019s social housing"},"content":{"rendered":"<p><b>CABINET WATCH- Ministers approve World Bank social housing loan:<\/b> The Madbouly Cabinet signed off on the USD 500 mn loan Egypt is receiving from the World Bank to finance its social housing projects, <a href=\"http:\/\/www.cabinet.gov.eg\/Arabic\/MediaCenter\/CabinetNews\/Pages\/%D8%A7%D8%AC%D8%AA%D9%85%D8%A7%D8%B9-%D9%85%D8%AC%D9%84%D8%B3-%D8%A7%D9%84%D9%88%D8%B2%D8%B1%D8%A7%D8%A1-%D8%B1%D9%82%D9%85-%28-63%29--%D8%A8%D8%B1%D8%A6%D9%80%D8%A7%D8%B3%D8%A9-%D8%A7%D9%84%D8%AF%D9%83%D8%AA%D9%88%D8%B1-%D9%85%D8%B5%D8%B7%D9%81%D9%89-%D9%85%D8%AF%D8%A8%D9%88%D9%84%D9%8A.aspx?fbclid=IwAR282MQ6tWzzorwwf67Cimt9bEAqCeq6vT09D2j9Ou7ATf08kVsUuXFkIQc\">according to a statement<\/a>. Prime Minister Moustafa Madbouly had <a href=\"https:\/\/enterprise.press\/stories\/2018\/07\/10\/egypt-requests-usd-2-bn-in-funding-from-the-world-bank-2\/\">requested the financing in July<\/a> of last year as part of a USD 2 bn package for economic reform measures. Also approved during yesterday\u2019s weekly meeting:<\/p>\n<ul>\n<li>Receiving an additional USD 13 mn of funding from USAID as part of a broader aid agreement to support basic education; <\/li>\n<li>A bundle of decisions and recommendations from cabinet\u2019s investor dispute resolution committee;<\/li>\n<li>A bilateral agreement between Egypt and Latvia exempting diplomatic passport holders from entry visa requirements.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>CABINET WATCH- Ministers approve World Bank social housing loan: The Madbouly Cabinet signed off on the USD 500 mn loan Egypt is receiving from the World Bank to finance its social housing projects, according to a statement. Prime Minister Moustafa Madbouly had requested the financing in July of last year as part of a USD [&hellip;]<\/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":[8572],"tags":[7106,72,281,4301,2380,501,321],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-592838","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-debt","tag-enterpriseam","tag-moustafa-madbouly","tag-social-housing","tag-speed-round","tag-usaid","tag-world-bank","wpautop","entry"],"acf":{"mongo_id":"319e1570-2b6c-49ab-ad01-90f7a0e53a5f","is_powered_by":true,"section_story_id":"91128f00-1c79-44f5-9ce5-89fe3eb6f779","story_type":"1","photo_url":"","photo_position":"above","related_issue":[592820],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Cabinet approves USD 500 mn World Bank loan for Egypt\u2019s social housing - 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\/2019\/11\/07\/cabinet-approves-usd-500-mn-world-bank-loan-for-egypts-social-housing\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cabinet approves USD 500 mn World Bank loan for Egypt\u2019s social housing\" \/>\n<meta property=\"og:description\" content=\"CABINET WATCH- Ministers approve World Bank social housing loan: The Madbouly Cabinet signed off on the USD 500 mn loan Egypt is receiving from the World Bank to finance its social housing projects, according to a statement. Prime Minister Moustafa Madbouly had requested the financing in July of last year as part of a USD [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/11\/07\/cabinet-approves-usd-500-mn-world-bank-loan-for-egypts-social-housing\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-11-07T04:11:03+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\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/11\/07\/cabinet-approves-usd-500-mn-world-bank-loan-for-egypts-social-housing\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/11\/07\/cabinet-approves-usd-500-mn-world-bank-loan-for-egypts-social-housing\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Cabinet approves USD 500 mn World Bank loan for Egypt\u2019s social housing\",\"datePublished\":\"2019-11-07T04:11:03+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/11\/07\/cabinet-approves-usd-500-mn-world-bank-loan-for-egypts-social-housing\/\"},\"wordCount\":127,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"debt\",\"EnterpriseAM\",\"Moustafa Madbouly\",\"social housing\",\"SPEED ROUND\",\"USAID\",\"World Bank\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/11\/07\/cabinet-approves-usd-500-mn-world-bank-loan-for-egypts-social-housing\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/11\/07\/cabinet-approves-usd-500-mn-world-bank-loan-for-egypts-social-housing\/\",\"name\":\"Cabinet approves USD 500 mn World Bank loan for Egypt\u2019s social housing - 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The bank had pledged earlier this month\u2026","rel":"","context":"In &quot;Diplomacy + Foreign Trade&quot;","block_context":{"text":"Diplomacy + Foreign Trade","link":"https:\/\/enterpriseam.com\/egypt\/category\/diplomacy-foreign-trade\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":573224,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/07\/26\/egypts-cabinet-approves-usd-500-mn-housing-facility-from-the-world-bank\/","url_meta":{"origin":592838,"position":1},"title":"Egypt\u2019s cabinet approves USD 500 mn housing facility from the World Bank","author":"enterpriseam admin","date":"26 July 2020","format":false,"excerpt":"CABINET WATCH- Cabinet greenlights USD 500 mn World Bank housing facility extension: The Madbouly Cabinet ratified in its meeting last Wednesday a USD 500 mn extension to a World Bank facility as part of a program to improve access to low-income housing and bolster the state\u2019s Social Housing Mortgage Finance\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":593866,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/13\/cabinet-signs-off-on-usd-500-mn-world-bank-facility-for-egypts-social-safety-net\/","url_meta":{"origin":592838,"position":2},"title":"Cabinet signs off on USD 500 mn World Bank facility for Egypt\u2019s social safety net","author":"enterpriseam admin","date":"13 October 2019","format":false,"excerpt":"CABINET WATCH- The Madbouly Cabinet approved on Thursday a USD 500 mn loan from the World Bank to support Egypt\u2019s social safety net for three years, according to an official statement. Egypt had signed the agreement for the facility, which will be used to expand the Takaful and Karama cash\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":570210,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/23\/world-bank-gives-social-housing-funding-program-a-usd-500-mn-boost\/","url_meta":{"origin":592838,"position":3},"title":"World Bank gives social housing funding program a USD 500 mn boost","author":"enterpriseam admin","date":"23 March 2020","format":false,"excerpt":"World Bank gives social housing funding program a USD 500 mn boost: The World Bank is increasing by USD 500 mn the amount of funding provided under a program to develop low-income housing in Egypt, cabinet said in a statement citing a bank announcement last Friday. The loan brings the\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":594039,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/17\/new-usd-500-mn-world-bank-facility-to-help-egypt-cut-pollution\/","url_meta":{"origin":592838,"position":4},"title":"New USD 500 mn World Bank facility to help Egypt cut pollution?","author":"enterpriseam admin","date":"17 October 2019","format":false,"excerpt":"New USD 500 mn World Bank facility to help Egypt cut pollution? Investment Minister Sahar Nasr met yesterday with World Bank officials in Washington to discuss a potential USD 500 mn facility to help Egypt reduce pollution, according to a ministry statement. Four ministers, including Nasr, had sat down with\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/10\/684.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":626724,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/10\/egypt-requests-usd-2-bn-in-funding-from-the-world-bank\/","url_meta":{"origin":592838,"position":5},"title":"Egypt requests USD 2 bn in funding from the World Bank","author":"enterpriseam admin","date":"10 July 2018","format":false,"excerpt":"EXCLUSIVE- Egypt requests USD 2 bn in funding from the World Bank: The Madbouly government has put in a request for a USD 2 bn facility from the World Bank to help \u201csupport Egypt\u2019s economic reform measures,\u201d a senior government official tells us. 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