{"id":594039,"date":"2019-10-17T04:05:03","date_gmt":"2019-10-17T04:05:03","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/17\/new-usd-500-mn-world-bank-facility-to-help-egypt-cut-pollution\/"},"modified":"2019-10-17T04:05:03","modified_gmt":"2019-10-17T04:05:03","slug":"new-usd-500-mn-world-bank-facility-to-help-egypt-cut-pollution","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/17\/new-usd-500-mn-world-bank-facility-to-help-egypt-cut-pollution\/","title":{"rendered":"New USD 500 mn World Bank facility to help Egypt cut pollution?"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a><b> New USD 500 mn World Bank facility to help Egypt cut pollution?<\/b> 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, <a href=\"http:\/\/www.miic.gov.eg\/Arabic\/MediaCenter\/News\/Pages\/%D9%85%D8%B5%D8%B1-%D8%AA%D8%AA%D9%81%D9%82-%D9%85%D8%B9-%D8%A7%D9%84%D8%A8%D9%86%D9%83-%D8%A7%D9%84%D8%AF%D9%88%D9%84%D9%89-%D8%B9%D9%84%D9%89-%D8%B1%D9%81%D8%B9-%D9%85%D8%B3%D8%AA%D9%88%D9%89-%D8%A7%D9%84%D8%B4%D8%B1%D8%A7%D9%83%D8%A9-%D9%88%D8%B2%D9%8A%D8%A7%D8%AF%D8%A9-%D8%A7%D9%84%D8%AF%D8%B9%D9%85-%D9%84%D9%85%D8%A8%D8%A7%D8%AF%D8%B1%D8%A9-%D8%A7%D9%84%D8%B1%D8%A6%D9%8A%D8%B3-%D8%A7%D9%84%D8%B3%D9%8A%D8%B3%D9%89-%D9%84%D9%84%D8%A7%D8%B3%D8%AA%D8%AB%D9%85%D8%A7%D8%B1-%D9%81%D9%89-%D8%B1%D8%A3%D8%B3-%D8%A7%D9%84%D9%85%D8%A7%D9%84-%D8%A7%D9%84%D8%A8%D8%B4%D8%B1%D9%89.aspx\">according to a ministry statement<\/a>. Four ministers, including Nasr, had sat down with Regional Director Marina Wes <a href=\"https:\/\/enterprise.press\/stories\/2019\/10\/09\/ministers-talk-pollution-control-with-world-bank-mission\/\">last week<\/a> to lay out their plans to make their projects more environmentally-friendly. World Bank Group Vice President for MENA Ferid Belhaj, Executive Director Merza Hassan, and Wes also discussed with Nasr other ways that they could work together to improve Egypt\u2019s infrastructure.<\/p>\n<p><b>We also want money to wean microbuses off diesel fuel:<\/b> Oil Minister Tarek El Molla also asked World Bank boss David Malpass for financial support for the push to convert microbuses to run on natural gas, a <a href=\"http:\/\/www.cabinet.gov.eg\/Arabic\/MediaCenter\/CabinetNews\/Pages\/Nb.aspx\">cabinet statement said<\/a>.<\/p>\n<p><b>Ministers talk with the new OPIC:<\/b> <a href=\"http:\/\/www.cabinet.gov.eg\/Arabic\/MediaCenter\/CabinetNews\/Pages\/%D8%B1%D8%A6%D9%8A%D8%B3-%D8%A7%D9%84%D9%88%D8%B2%D8%B1%D8%A7%D8%A1-%D9%8A%D9%84%D8%AA%D9%82%D9%89-%D8%B1%D8%A6%D9%8A%D8%B3-%D9%85%D8%A4%D8%B3%D8%B3%D8%A9-%D8%A7%D9%84%D8%AA%D9%85%D9%88%D9%8A%D9%84-%D8%A7%D9%84%D8%AF%D9%88%D9%84%D9%8A%D8%A9.aspx\">A cabinet statement<\/a> said that Nasr, El Molla, PM Moustafa Madbouly and Trade Minister Amr Nassar met with officials from the US International Development Finance Corporation (DFC), but didn\u2019t tell us anything about what was discussed. There was an intimation that it could get involved with Egypt\u2019s electricity interconnection projects in Africa, but that was it. The DFC was <a href=\"https:\/\/www.opic.gov\/build-act\/overview\">set up last year<\/a> to consolidate the Overseas Private Investment Corporation (OPIC) and USAID\u2019s Development Credit Authority.<\/p>\n<p><b>Talks on Ethiopia, US prisoners in Egypt with Pence: <\/b>Madbouly discussed the <a href=\"http:\/\/www.cabinet.gov.eg\/Arabic\/MediaCenter\/CabinetNews\/Pages\/%D8%B1%D8%A6%D9%8A%D8%B3-%D8%A7%D9%84%D9%88%D8%B2%D8%B1%D8%A7%D8%A1-%D9%8A%D9%84%D8%AA%D9%82%D9%89-%D9%86%D8%A7%D8%A6%D8%A8-%D8%A7%D9%84%D8%B1%D8%A6%D9%8A%D8%B3-%D8%A7%EF%BB%BB%D9%85%D8%B1%D9%8A%D9%83%D9%89.aspx\">ongoing negotiations<\/a> with Ethiopia over the Grand Ethiopian Renaissance Dam, as well as the fates of <a href=\"https:\/\/www.whitehouse.gov\/briefings-statements\/readout-vice-president-mike-pences-meeting-prime-minister-arab-republic-egypt\/\">US citizens currently detained<\/a> in Egypt, with US Vice President Mike Pence.<\/p>\n<p><b>And in diplomatic miscellany:<\/b> US Treasury Secretary <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/1382406541937707\">Steven Mnuchin<\/a> met Madbouly to talk social housing, while ministers met Secretary of Energy <a href=\"http:\/\/www.cabinet.gov.eg\/Arabic\/MediaCenter\/CabinetNews\/Pages\/%D9%85%D8%AF%D8%A8%D9%88%D9%84%D9%8A-%D9%8A%D8%B3%D8%AA%D9%82%D8%A8%D9%84-%D8%B1%D9%8A%D9%83-%D8%A8%D9%8A%D8%B1%D9%8A-%D9%88%D8%B2%D9%8A%D8%B1-%D8%A7%D9%84%D8%B7%D8%A7%D9%82%D8%A9-%D8%A7%D9%84%D8%A3%D9%85%D8%B1%D9%8A%D9%83%D9%8A.aspx\">Rick Perry<\/a> and Trade Secretary <a href=\"http:\/\/www.cabinet.gov.eg\/arabic\/MediaCenter\/CabinetNews\/Pages\/usa.aspx\">Wilbur Ross<\/a> to talk energy investments and the new customs mechanism conversely.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 Regional Director Marina Wes last [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":594040,"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":[7106,93,72,210,272,125,281,2374,2380,195,321],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-594039","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-speed-round","tag-debt","tag-energy","tag-enterpriseam","tag-human-rights","tag-imf","tag-investment-watch","tag-moustafa-madbouly","tag-sahar-nasr","tag-speed-round","tag-tarek-el-molla","tag-world-bank","wpautop","entry"],"acf":{"mongo_id":"77d91131-26a9-49d3-9ddf-29ade494f3c0","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2019\/10\/684.jpg","photo_position":"above","related_issue":[594034],"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>New USD 500 mn World Bank facility to help Egypt cut pollution? - 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\/10\/17\/new-usd-500-mn-world-bank-facility-to-help-egypt-cut-pollution\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New USD 500 mn World Bank facility to help Egypt cut pollution?\" \/>\n<meta property=\"og:description\" content=\"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 Regional Director Marina Wes last [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/17\/new-usd-500-mn-world-bank-facility-to-help-egypt-cut-pollution\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-10-17T04:05:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2019\/10\/684.jpg?fit=%2C&ssl=1\" \/>\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\/10\/17\/new-usd-500-mn-world-bank-facility-to-help-egypt-cut-pollution\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/17\/new-usd-500-mn-world-bank-facility-to-help-egypt-cut-pollution\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"New USD 500 mn World Bank facility to help Egypt cut pollution?\",\"datePublished\":\"2019-10-17T04:05:03+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/17\/new-usd-500-mn-world-bank-facility-to-help-egypt-cut-pollution\/\"},\"wordCount\":310,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/17\/new-usd-500-mn-world-bank-facility-to-help-egypt-cut-pollution\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2019\/10\/684.jpg?fit=%2C&ssl=1\",\"keywords\":[\"debt\",\"energy\",\"EnterpriseAM\",\"human rights\",\"IMF\",\"investment watch\",\"Moustafa Madbouly\",\"Sahar Nasr\",\"SPEED ROUND\",\"Tarek El Molla\",\"World Bank\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/17\/new-usd-500-mn-world-bank-facility-to-help-egypt-cut-pollution\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/17\/new-usd-500-mn-world-bank-facility-to-help-egypt-cut-pollution\/\",\"name\":\"New USD 500 mn World Bank facility to help Egypt cut pollution? 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Disbursing the tranche was approved two weeks ago. AfDB Country Manager for Egypt, Malinne Blomberg,\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":594964,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/12\/egypt-world-bank-sign-usd-500-mn-facility-extending-social-safety-program\/","url_meta":{"origin":594039,"position":1},"title":"Egypt, World Bank sign USD 500 mn facility extending social safety program","author":"enterpriseam admin","date":"12 September 2019","format":false,"excerpt":"In other news from international financiers: Egypt, World Bank sign USD 500 mn facility to extend social safety net: Investment Minister Sahar Nasr and World Bank director in Egypt Marina Weis have signed an agreement to extend a program to support Egypt\u2019s social safety net for three years, the ministry\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":646645,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/20\/enr-to-get-eur-290-mn-facility-from-ebrd-to-finance-fleet-upgrade\/","url_meta":{"origin":594039,"position":2},"title":"ENR to get EUR 290 mn facility from EBRD to finance fleet upgrade","author":"enterpriseam admin","date":"20 June 2017","format":false,"excerpt":"It\u2019s a good week for the Egyptian National Railway, which is getting EUR 290 mn from the EBRD to finance its fleet upgrade. In the latest sign the Ismail government is taking rail transport seriously, ENR is getting EUR 290 mn in financing from the European Bank for Reconstruction and\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":642065,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/06\/fdi-to-ring-in-around-usd-8-7-bn-in-fy2016-17-world-bank-afdb-tranches-coming-before-the-end-of-the-year-sahar-nasr\/","url_meta":{"origin":594039,"position":3},"title":"FDI to ring in around USD 8.7 bn in FY2016-17, World Bank, AfDB tranches coming before the end of the year -Sahar Nasr","author":"enterpriseam admin","date":"6 August 2017","format":false,"excerpt":"Foreign direct investment in FY2016-17 is expected to ring at around USD 8.7 bn, climbing 26% y-o-y over the previous fiscal year, said Investment and International Cooperation Minister Sahar Nasr (pdf) on Friday. Total investments for FY2016-17 came in at EGP 502 bn, up 28% y-o-y. Nasr reiterated last week\u2019s\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":646319,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/12\/usd-400-mn-from-saudi-for-sinai-development-wb-and-afdb-in-town-to-disburse-funds\/","url_meta":{"origin":594039,"position":4},"title":"USD 400 mn from Saudi for Sinai development, WB and AfDB in town to disburse funds","author":"enterpriseam admin","date":"12 June 2017","format":false,"excerpt":"The Saudi Fund for Development disbursed last week a USD 400 mn tranche of its USD 1.5 bn loan for the development of Sinai, Investment and International Cooperation Minister Sahar Nasr said, according to remarks carried by Al Mal. The loan is set to fund King Salman University, King Salman\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":625178,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/30\/egypt-receives-final-usd-500-mn-tranche-of-afdbs-usd-1-5-bn-loan\/","url_meta":{"origin":594039,"position":5},"title":"Egypt receives final USD 500 mn tranche of AfDB\u2019s USD 1.5 bn loan","author":"enterpriseam admin","date":"30 September 2018","format":false,"excerpt":"Egypt received the third and final USD 500 mn tranche of a USD 1.5 bn African Development Bank loan on Thursday, according to an Investment Ministry statement (pdf). 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