{"id":603361,"date":"2019-04-21T04:00:10","date_gmt":"2019-04-21T04:00:10","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/21\/world-bank-gives-final-approval-for-usd-200-mn-sme-loan\/"},"modified":"2019-04-21T04:00:10","modified_gmt":"2019-04-21T04:00:10","slug":"world-bank-gives-final-approval-for-usd-200-mn-sme-loan","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/21\/world-bank-gives-final-approval-for-usd-200-mn-sme-loan\/","title":{"rendered":"World Bank gives final approval for USD 200 mn SME loan"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-04\"><\/a> <b>The World Bank has given final approval to a USD 200 mn loan to support entrepreneurship and SMEs in Egypt<\/b>, the Investment and International Cooperation Ministry <a href=\"http:\/\/www.miic.gov.eg\/Arabic\/MediaCenter\/News\/Pages\/%D8%A7%D9%84%D8%A8%D9%86%D9%83-%D8%A7%D9%84%D8%AF%D9%88%D9%84%D9%89-%D9%8A%D8%B9%D9%84%D9%86-%D8%B9%D9%84%D9%89-%D8%A7%D9%84%D9%85%D9%88%D8%A7%D9%81%D9%82%D8%A9-%D8%A7%D9%84%D9%86%D9%87%D8%A7%D8%A6%D9%8A%D8%A9-%D8%B9%D9%84%D9%89-%D8%AF%D8%B9%D9%85-%D8%A7%D9%84%D9%85%D8%B4%D8%B1%D9%88%D8%B9%D8%A7%D8%AA-%D8%A7%D9%84%D8%B5%D8%BA%D9%8A%D8%B1%D8%A9-%D9%88%D8%A7%D9%84%D9%85%D8%AA%D9%88%D8%B3%D8%B7%D8%A9-%D9%88%D8%B1%D9%8A%D8%A7%D8%AF%D8%A9-%D8%A7%D9%84%D8%A7%D8%B9%D9%85%D8%A7%D9%84-%D9%81%D9%89-%D9%85%D8%B5%D8%B1-%D8%A8%D9%82%D9%8A%D9%85%D8%A9-200-%D9%85%D9%84%D9%8A%D9%88%D9%86-%D8%AF%D9%88%D9%84%D8%A7%D8%B1.aspx\">said in a statement<\/a>. Egypt <a href=\"https:\/\/enterprise.press\/stories\/2019\/04\/14\/egypt-secures-usd-200-mn-world-bank-sme-loan-during-spring-meetings\/\">agreed on the loan<\/a> with the World Bank during the IMF and World Bank Spring Meetings earlier this month. The funding includes \u201cUSD 145 mn mainly through non-bank financial institutions offering loans to small businesses,\u201d the World Bank <a href=\"http:\/\/www.worldbank.org\/en\/news\/press-release\/2019\/04\/17\/egypt-new-us200-million-project-to-promote-small-businesses-and-job-creation-for-women-and-youth\">said in a statement<\/a>.<\/p>\n<p><b>Look for more money flowing into the venture capital world, too: <\/b>The facility includes USD 50 mn earmarked for angel funds and venture capital funds, among others.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The World Bank has given final approval to a USD 200 mn loan to support entrepreneurship and SMEs in Egypt, the Investment and International Cooperation Ministry said in a statement. Egypt agreed on the loan with the World Bank during the IMF and World Bank Spring Meetings earlier this month. The funding includes \u201cUSD 145 [&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":[7106,72,287,2380,321],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-603361","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-debt","tag-enterpriseam","tag-smes","tag-speed-round","tag-world-bank","wpautop","entry"],"acf":{"mongo_id":"e6292309-b3a5-4411-ba16-575255e4bd4e","is_powered_by":true,"section_story_id":"0b1b2626-6588-48f7-8ac4-f679729e6696","story_type":"1","photo_url":"","photo_position":"above","related_issue":[603350],"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>World Bank gives final approval for USD 200 mn SME loan - 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\/04\/21\/world-bank-gives-final-approval-for-usd-200-mn-sme-loan\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"World Bank gives final approval for USD 200 mn SME loan\" \/>\n<meta property=\"og:description\" content=\"The World Bank has given final approval to a USD 200 mn loan to support entrepreneurship and SMEs in Egypt, the Investment and International Cooperation Ministry said in a statement. Egypt agreed on the loan with the World Bank during the IMF and World Bank Spring Meetings earlier this month. The funding includes \u201cUSD 145 [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/04\/21\/world-bank-gives-final-approval-for-usd-200-mn-sme-loan\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-04-21T04:00:10+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<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/04\/21\/world-bank-gives-final-approval-for-usd-200-mn-sme-loan\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/04\/21\/world-bank-gives-final-approval-for-usd-200-mn-sme-loan\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"World Bank gives final approval for USD 200 mn SME loan\",\"datePublished\":\"2019-04-21T04:00:10+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/04\/21\/world-bank-gives-final-approval-for-usd-200-mn-sme-loan\/\"},\"wordCount\":107,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"debt\",\"EnterpriseAM\",\"SMEs\",\"SPEED ROUND\",\"World Bank\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/04\/21\/world-bank-gives-final-approval-for-usd-200-mn-sme-loan\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/04\/21\/world-bank-gives-final-approval-for-usd-200-mn-sme-loan\/\",\"name\":\"World Bank gives final approval for USD 200 mn SME loan - 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Non-banking financial institutions will receive USD\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":598649,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/30\/egypts-cabinet-approves-usd-200-mn-smes-loan\/","url_meta":{"origin":603361,"position":1},"title":"Egypt\u2019s cabinet approves USD 200 mn SMEs loan","author":"enterpriseam admin","date":"30 May 2019","format":false,"excerpt":"CABINET WATCH- Cabinet approves USD 200 mn World Bank SMEs loan: The Madbouly Cabinet approved in yesterday\u2019s meeting the USD 200 mn loan from the World Bank to support SMEs and entrepreneurs signed earlier this month, according to a statement. Both sides agreed on the loan during the IMF 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":621618,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/13\/smes-authority-in-talks-with-wb-for-usd-200-mn-loan-to-fund-egypt-smes\/","url_meta":{"origin":603361,"position":2},"title":"SMEs authority in talks with WB for USD 200 mn loan to fund Egypt SMEs","author":"enterpriseam admin","date":"13 November 2018","format":false,"excerpt":"The SME Development Authority is in talks with the World Bank for a USD 200 mn loan to finance new projects, authority head Nevine Gamea tells Amwal Al Ghad. The authority is expecting to reach a final agreement by year-end. We had noted last month that the government had approached\u2026","rel":"","context":"In &quot;Banking + Finance&quot;","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":566286,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/09\/so-close-you-can-taste-the-money\/","url_meta":{"origin":603361,"position":3},"title":"So close you can taste the money\u2026","author":"enterpriseam admin","date":"9 June 2021","format":false,"excerpt":"We\u2019re a bit closer to landing a USD 400 mn World Bank loan to help support the rollout of the Sisi administration\u2019s national health ins. system after the House Health Committee approved the agreement yesterday, Youm7 reports. The funding will be provided by the bank\u2019s lending arm, the International Bank\u2026","rel":"","context":"In &quot;SPEED ROUND: DEVELOPMENT FINANCE&quot;","block_context":{"text":"SPEED ROUND: DEVELOPMENT FINANCE","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-development-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":591790,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/17\/ebrd-to-support-green-sme-projects-with-usd-150-mn-loan\/","url_meta":{"origin":603361,"position":4},"title":"EBRD to support green SME projects with USD 150 mn loan","author":"enterpriseam admin","date":"17 December 2019","format":false,"excerpt":"EBRD to support SMEs with USD 150 mn loan: The National Bank of Egypt will be receiving a USD 150 mn loan from the European Bank for Reconstruction and Development (EBRD) to onlend to SMEs, the EBRD said in a statement. The proceeds will allow NBE to open a USD\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":623142,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/22\/sahar-nasr-negotiating-with-wb-over-usd-200-mn-loan-for-smes\/","url_meta":{"origin":603361,"position":5},"title":"Sahar Nasr negotiating with WB over USD 200 mn loan for SMEs","author":"enterpriseam admin","date":"22 October 2018","format":false,"excerpt":"Egypt is in talks with the World Bank for a USD 200 mn loan to fund SMEs and youth-led businesses, Investment and International Cooperation Minister Sahar Nasr said yesterday, according to Al Mal. 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