{"id":595388,"date":"2019-09-24T04:40:59","date_gmt":"2019-09-24T04:40:59","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/24\/solidarity-ministry-to-receive-world-bank-loan-tranche-for-employment-initiative-next-month\/"},"modified":"2019-09-24T04:40:59","modified_gmt":"2019-09-24T04:40:59","slug":"solidarity-ministry-to-receive-world-bank-loan-tranche-for-employment-initiative-next-month","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/24\/solidarity-ministry-to-receive-world-bank-loan-tranche-for-employment-initiative-next-month\/","title":{"rendered":"Solidarity Ministry to receive World Bank loan tranche for employment initiative next month"},"content":{"rendered":"

The Finance Ministry could disburse EGP 800-900 mn from a recently agreed USD 500 mn World Bank loan to the Social Solidarity Ministry for its employment initiative in October, sources told the local press<\/a>. The World Bank in July<\/a> agreed to give Egypt an additional USD 500 mn facility on top of an initial USD 400 mn loan granted in 2015 to support the Takaful and Karama cash subsidy programs. A source previously told the local press<\/a> that disbursements wouldn\u2019t begin until FY2020-2021.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Finance Ministry could disburse EGP 800-900 mn from a recently agreed USD 500 mn World Bank loan to the Social Solidarity Ministry for its employment initiative in October, sources told the local press. The World Bank in July agreed to give Egypt an additional USD 500 mn facility on top of an initial USD […]<\/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":[9298],"tags":[2372,72,3630,190,321],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-595388","post","type-post","status-publish","format-standard","hentry","category-banking-finance","tag-banking-finance","tag-enterpriseam","tag-social-solidarity-ministry","tag-social-welfare","tag-world-bank","wpautop","entry"],"acf":{"mongo_id":"c75f7ee5-6836-44c8-8fd7-308f0ab6148d","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[595357],"teaser":"","voice_url":""},"yoast_head":"\nSolidarity Ministry to receive World Bank loan tranche for employment initiative next month - 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\/09\/24\/solidarity-ministry-to-receive-world-bank-loan-tranche-for-employment-initiative-next-month\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Solidarity Ministry to receive World Bank loan tranche for employment initiative next month\" \/>\n<meta property=\"og:description\" content=\"The Finance Ministry could disburse EGP 800-900 mn from a recently agreed USD 500 mn World Bank loan to the Social Solidarity Ministry for its employment initiative in October, sources told the local press. 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The ministry is expected to receive the payment by the end of FY2017-18.","rel":"","context":"In "Diplomacy + Foreign Trade"","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":592751,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/05\/national-bank-of-egypt-nbk-ask-finmin-to-guarantee-usd-700-mn-anopc-loan\/","url_meta":{"origin":595388,"position":4},"title":"National Bank of Egypt, NBK ask FinMin to guarantee USD 700 mn ANOPC loan","author":"enterpriseam admin","date":"5 November 2019","format":false,"excerpt":"The National Bank of Egypt and the National Bank of Kuwait have requested letters of guarantee from the Finance Ministry for a USD 700 mn loan to contribute to the financing of the Assiut National Oil Processing Company\u2019s hydrofracking complex, according to Al Mal.","rel":"","context":"In "Banking + Finance"","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":574166,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/01\/egypt-secures-usd-2-bn-loan-from-intl-banking-consortium\/","url_meta":{"origin":595388,"position":5},"title":"Egypt secures USD 2 bn loan from int\u2019l banking consortium","author":"enterpriseam admin","date":"1 September 2020","format":false,"excerpt":"Egypt has closed a USD 2 bn financing package with regional and international banks to plug budget shortfalls resulting from the covid-19 crisis, Finance Minister Mohamed Mait said in a statement yesterday. 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