{"id":604509,"date":"2018-12-05T04:23:00","date_gmt":"2018-12-05T04:23:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/05\/world-bank-pledges-usd-1-bn-loan-to-support-egypts-reform-program-private-sector-development\/"},"modified":"2018-12-05T04:23:00","modified_gmt":"2018-12-05T04:23:00","slug":"world-bank-pledges-usd-1-bn-loan-to-support-egypts-reform-program-private-sector-development","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/05\/world-bank-pledges-usd-1-bn-loan-to-support-egypts-reform-program-private-sector-development\/","title":{"rendered":"World Bank pledges USD 1 bn loan to support Egypt\u2019s reform program, private sector development"},"content":{"rendered":"

<\/a> World Bank pledges USD 1 bn in fresh funding to support Egypt\u2019s reform program, private sector development:<\/b> The World Bank has pledged to provide Egypt with a new USD 1 bn loan to help finance the next phase of the government\u2019s economic reform program, which focuses on spurring private sector growth, the bank said in a statement yesterday<\/a>. \u201cThe program is designed to support three of the government\u2019s key objectives of job creation, improving government performance and raising living standards. The [development policy financing] is focused on reforms to improve the business environment, with an emphasis on ensuring small businesses have access to finance and new financial technology such as digital payments, along with [chances] to bid for government contracts; while empowering local governorates and districts for local investment planning.\u201d<\/p>\n

Final agreement on Sinai facility: <\/b>The bank had also reached a final agreement with Investment Minister Sahar Nasr in October<\/a> over a USD 3 bn loan for infrastructure projects and the government\u2019s development drive in the Sinai Peninsula.<\/p>\n","protected":false},"excerpt":{"rendered":"

World Bank pledges USD 1 bn in fresh funding to support Egypt\u2019s reform program, private sector development: The World Bank has pledged to provide Egypt with a new USD 1 bn loan to help finance the next phase of the government\u2019s economic reform program, which focuses on spurring private sector growth, the bank said in […]<\/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":[7106,72,125,2380,321],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-604509","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-debt","tag-enterpriseam","tag-investment-watch","tag-speed-round","tag-world-bank","wpautop","entry"],"acf":{"mongo_id":"dfc4737c-520e-419c-9910-94bbf5947c8f","order":"0","is_powered_by":true,"section_story_id":"dd06c7b6-1a38-4d56-9bdd-920fed2b3cd1","story_type":"1","photo_url":"","photo_position":"above","related_issue":[604497],"teaser":"","voice_url":""},"yoast_head":"\nWorld Bank pledges USD 1 bn loan to support Egypt\u2019s reform program, private sector development - 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The funding will\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":556556,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/10\/31\/world-bank-okays-usd-360-mn-loan-for-egypts-post-covid-recovery\/","url_meta":{"origin":604509,"position":2},"title":"World Bank okays USD 360 mn loan for Egypt\u2019s post-covid recovery","author":"enterpriseam admin","date":"31 October 2021","format":false,"excerpt":"We\u2019re getting a fresh USD 360 mn World Bank loan: The World Bank has approved a USD 360 mn facility to support the Egyptian economy as it recovers from the covid pandemic, the global lender said in a statement(pdf) on Thursday. The development policy financing (DPF) loan will be used\u2026","rel":"","context":"In "Development finance"","block_context":{"text":"Development finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/development-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/10\/324.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":627146,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/24\/ifc-pledges-usd-2-bn-in-funding-to-egypts-private-sector-until-2019\/","url_meta":{"origin":604509,"position":3},"title":"IFC pledges USD 2 bn in funding to Egypt\u2019s private sector until 2019","author":"enterpriseam admin","date":"24 July 2018","format":false,"excerpt":"IFC pledges USD 2 bn in funding to Egypt\u2019s private sector until 2019: The International Finance Corporation (IFC) is committed to extending as much as USD 2 bn in funding to Egypt\u2019s private sector until 2019 under the country\u2019s cooperation framework with the World Bank Group, IFC CEO Philippe Le\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":600940,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/14\/imf-praises-egypts-commitment-to-reform-program\/","url_meta":{"origin":604509,"position":4},"title":"IMF praises Egypt\u2019s commitment to reform program","author":"enterpriseam admin","date":"14 February 2019","format":false,"excerpt":"Egypt again telegraphs it won\u2019t be signing up for another IMF loan after drawing down the last of the current USD 12 bn facility: IMF Middle East and Central Asia Director Jihad Azour gave Egypt tubtubs as he met yesterday with Prime Minister Moustafa Madbouly and Central Bank of Egypt\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\/2019\/2\/1585.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":584037,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/03\/26\/egypt-secures-usd-7-bn-world-bank-loan-to-support-private-sector-climate-goals\/","url_meta":{"origin":604509,"position":5},"title":"Egypt secures USD 7 bn World Bank loan to support private-sector, climate goals","author":"enterpriseam admin","date":"26 March 2023","format":false,"excerpt":"The funding includes USD 1 bn a year from the IBRD","rel":"","context":"In "Development finance"","block_context":{"text":"Development finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/development-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/3\/422.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/604509","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=604509"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/604509\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/604497"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=604509"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=604509"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=604509"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=604509"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=604509"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}