{"id":601959,"date":"2019-03-14T03:11:58","date_gmt":"2019-03-14T03:11:58","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/14\/cabinet-approves-development-loans-grant-worth-combined-eur-278-9-mn\/"},"modified":"2019-03-14T03:11:58","modified_gmt":"2019-03-14T03:11:58","slug":"cabinet-approves-development-loans-grant-worth-combined-eur-278-9-mn","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/14\/cabinet-approves-development-loans-grant-worth-combined-eur-278-9-mn\/","title":{"rendered":"Cabinet approves development loans, grant worth combined EUR 278.9 mn"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-05\"><\/a> <b>CABINET WATCH- Cabinet approves development loans, grant worth combined EUR 278.9 mn: <\/b>The Madbouly Cabinet approved yesterday a second, EUR 225 mn (c. USD 250 mn) tranche of a USD 450 mn facility from Germany\u2019s KfW development bank to close the state budget\u2019s financing gap, <a href=\"http:\/\/www.cabinet.gov.eg\/Arabic\/MediaCenter\/CabinetNews\/Pages\/-of-the-Council-of-Ministers-meeting-No.-34.aspx\">according to a cabinet statement<\/a>. The agreement on the tranche was signed <a href=\"https:\/\/enterprise.press\/stories\/2019\/02\/12\/what-were-tracking-on-12-february-2019\/\">last month<\/a>. Cabinet also approved a recently-signed EUR 53 mn facility and a EUR 860k grant from the International Fund for Agricultural Development to finance the <a href=\"https:\/\/webapps.ifad.org\/members\/eb\/122\/docs\/EB-2017-122-R-23-Project-Design-Report.pdf\">Promoting Resilience in Desert Environments (PRIDE)<\/a> project. The project aims to improve the productivity of desert land reclaimed in rural areas around Marsa Matrouh.<\/p>\n<p>Cabinet also approved yesterday:<\/p>\n<ul>\n<li>A cooperation protocol between the Antiquities Ministry and the Armed Forces Engineering Authority to move ahead with <b>EGP 320 mn-worth of renovation works in Luxor\u2019s Sphinx Avenue<\/b>;<\/li>\n<li>A request by the Irrigation Ministry to build an <b>inland port on the Nile near the Egyptian Revolutionary Command Council in Zamalek<\/b>.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>CABINET WATCH- Cabinet approves development loans, grant worth combined EUR 278.9 mn: The Madbouly Cabinet approved yesterday a second, EUR 225 mn (c. USD 250 mn) tranche of a USD 450 mn facility from Germany\u2019s KfW development bank to close the state budget\u2019s financing gap, according to a cabinet statement. The agreement on the tranche [&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":[97,504,7097,72,7087,7111,338,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-601959","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-agriculture","tag-archaeology","tag-development","tag-enterpriseam","tag-finance","tag-infrastructure","tag-retail","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"c714e238-72ee-463a-af8b-ef871b15ae7c","is_powered_by":true,"section_story_id":"2569e149-20f0-439f-817d-9ec70e4c9d4d","story_type":"1","photo_url":"","photo_position":"above","related_issue":[601950],"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 development loans, grant worth combined EUR 278.9 mn - 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\/14\/cabinet-approves-development-loans-grant-worth-combined-eur-278-9-mn\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cabinet approves development loans, grant worth combined EUR 278.9 mn\" \/>\n<meta property=\"og:description\" content=\"CABINET WATCH- Cabinet approves development loans, grant worth combined EUR 278.9 mn: The Madbouly Cabinet approved yesterday a second, EUR 225 mn (c. 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