{"id":601859,"date":"2019-03-12T03:54:14","date_gmt":"2019-03-12T03:54:14","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/12\/el-sisi-ratifies-usd-1-bn-loan-from-world-bank\/"},"modified":"2019-03-12T03:54:14","modified_gmt":"2019-03-12T03:54:14","slug":"el-sisi-ratifies-usd-1-bn-loan-from-world-bank","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/12\/el-sisi-ratifies-usd-1-bn-loan-from-world-bank\/","title":{"rendered":"El Sisi ratifies USD 1 bn loan from World Bank"},"content":{"rendered":"

<\/a> President Abdel Fattah El Sisi has ratified a USD 1 bn loan from the World Bank<\/b> to support the next phase of his administration\u2019s economic reform program, according to a piece in state news agency MENA picked up by Al Mal<\/a>. The facility is earmarked to support development of Egypt\u2019s private sector and encourage entrepreneurship and SME development. The House of Representatives in January signed off on the facility<\/a>, which came with its own set of conditions, similar to those of the IMF\u2019s USD 12 bn extended fund facility: improve the business climate, support SMEs and entrepreneurship, curb energy subsidies, and come up with a strategy for debt control.<\/p>\n","protected":false},"excerpt":{"rendered":"

President Abdel Fattah El Sisi has ratified a USD 1 bn loan from the World Bank to support the next phase of his administration\u2019s economic reform program, according to a piece in state news agency MENA picked up by Al Mal. The facility is earmarked to support development of Egypt\u2019s private sector and encourage entrepreneurship […]<\/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":[72,203,2380,321],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-601859","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-entrepreneurship","tag-speed-round","tag-world-bank","wpautop","entry"],"acf":{"mongo_id":"c787624f-210c-479a-aa55-ecc23e9c49ab","is_powered_by":true,"section_story_id":"4cba9f5b-8938-4c3c-ac53-8d9b8bdc8d6a","story_type":"1","photo_url":"","photo_position":"above","related_issue":[601845],"teaser":"","voice_url":""},"yoast_head":"\nEl Sisi ratifies USD 1 bn loan from World Bank - 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\/03\/12\/el-sisi-ratifies-usd-1-bn-loan-from-world-bank\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"El Sisi ratifies USD 1 bn loan from World Bank\" \/>\n<meta property=\"og:description\" content=\"President Abdel Fattah El Sisi has ratified a USD 1 bn loan from the World Bank to support the next phase of his administration\u2019s economic reform program, according to a piece in state news agency MENA picked up by Al Mal. The facility is earmarked to support development of Egypt\u2019s private sector and encourage entrepreneurship […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/12\/el-sisi-ratifies-usd-1-bn-loan-from-world-bank\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-03-12T03:54:14+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\/03\/12\/el-sisi-ratifies-usd-1-bn-loan-from-world-bank\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/12\/el-sisi-ratifies-usd-1-bn-loan-from-world-bank\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"El Sisi ratifies USD 1 bn loan from World Bank\",\"datePublished\":\"2019-03-12T03:54:14+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/12\/el-sisi-ratifies-usd-1-bn-loan-from-world-bank\/\"},\"wordCount\":119,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"entrepreneurship\",\"SPEED ROUND\",\"World Bank\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/12\/el-sisi-ratifies-usd-1-bn-loan-from-world-bank\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/12\/el-sisi-ratifies-usd-1-bn-loan-from-world-bank\/\",\"name\":\"El Sisi ratifies USD 1 bn loan from World Bank - 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Non-banking financial institutions will receive USD\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":571602,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/05\/18\/world-bank-approves-usd-50-mn-facility-for-egypts-covid-19-emergency-response\/","url_meta":{"origin":601859,"position":1},"title":"World Bank approves USD 50 mn facility for Egypt\u2019s covid-19 emergency response","author":"enterpriseam admin","date":"18 May 2020","format":false,"excerpt":"The World Bank approved yesterday a USD 50 mn fast-track facility to bolster Egypt\u2019s covid-19 emergency response capabilities, according to a statement. The facility will focus on improving Egypt\u2019s medical infrastructure through the distribution of essential medical supplies, supporting quarantine and treatment facilities, and ramping up contact tracing capabilities through\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":572265,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/06\/17\/egypt-hires-uae-banks-to-arrange-usd-1-bn-loan\/","url_meta":{"origin":601859,"position":2},"title":"Egypt hires UAE banks to arrange USD 1 bn loan","author":"enterpriseam admin","date":"17 June 2020","format":false,"excerpt":"DEBT WATCH- Egypt hires UAE banks to arrange USD 1 bn loan: Egypt has tapped Emirates NBD and First Abu Dhabi Bank (FAB) to arrange a loan worth more than USD 1 bn as it tries to plug its financing gap caused by the covid-19 pandemic, Reuters reports, citing two\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":605285,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/27\/world-bank-expects-egypt-reforms-for-usd-1-bn-loan-facility\/","url_meta":{"origin":601859,"position":3},"title":"World Bank expects Egypt reforms for USD 1 bn loan facility","author":"enterpriseam admin","date":"27 December 2018","format":false,"excerpt":"No surprise in reported conditions document for USD 1 bn World Bank loan: Conditions and policy priorities for a USD 1 bn loan to Egypt offered by the World Bank earlier this month are exactly what you would expect: improve the business climate, support SMEs and entrepreneurship, curb energy subsidies,\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":575167,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/05\/eib-approves-eur-750-mn-loan-for-egypts-smes-world-bank-mulls-railway-funding\/","url_meta":{"origin":601859,"position":4},"title":"EIB approves EUR 750 mn loan for Egypt\u2019s SMEs, World Bank mulls railway funding","author":"enterpriseam admin","date":"5 October 2020","format":false,"excerpt":"DEBT WATCH- The European Investment Bank (EIB) has approved a EUR 750 mn facility for Banque Misr to on-lend to SMEs impacted by the covid-19 pandemic to finance working capital, according to the bank\u2019s website. 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