{"id":605285,"date":"2018-12-27T04:23:24","date_gmt":"2018-12-27T04:23:24","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/27\/world-bank-expects-egypt-reforms-for-usd-1-bn-loan-facility\/"},"modified":"2018-12-27T04:23:24","modified_gmt":"2018-12-27T04:23:24","slug":"world-bank-expects-egypt-reforms-for-usd-1-bn-loan-facility","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/27\/world-bank-expects-egypt-reforms-for-usd-1-bn-loan-facility\/","title":{"rendered":"World Bank expects Egypt reforms for USD 1 bn loan facility"},"content":{"rendered":"

<\/a> No surprise in reported conditions document for USD 1 bn World Bank loan: <\/b>Conditions and policy priorities for a USD 1 bn loan to Egypt offered by the World Bank earlier this month<\/a> are exactly what you would expect: improve the business climate, support SMEs and entrepreneurship, curb energy subsidies, and come up with a strategy for debt control. The conditions for the two-part facility are laid out in a supporting document reported on yesterday by the financial daily Al Mal<\/a>. The conditions dovetail with those the IMF has in place for the release of the fifth USD 2 bn tranche of its USD 12 bn bailout package for Egypt. The IMF has reportedly made the tranche\u2019s release contingent<\/a> on the implementation of a mechanism through which Egypt will peg fuel prices to the global market.<\/p>\n

Another spoonful of financing to help the medicine of reform go down: <\/b>The World Bank document adds that it is planning to provide Egypt with a separate USD 500 mn financing package for social safety programs to protect the most vulnerable in society as the Sisi administration pushes ahead with reforms, Al Mal reports.<\/p>\n","protected":false},"excerpt":{"rendered":"

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, and come up with a […]<\/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":[72,7087,1318,2517,272,100,287,2380,321],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-605285","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-finance","tag-fiscal-policy","tag-governance","tag-imf","tag-policy","tag-smes","tag-speed-round","tag-world-bank","wpautop","entry"],"acf":{"mongo_id":"b92096a1-e463-4f5e-b836-89fe61046219","order":"0","is_powered_by":true,"section_story_id":"b6190dc0-e035-4ebe-8c1f-ca3a34866179","story_type":"1","photo_url":"","photo_position":"above","related_issue":[605278],"teaser":"","voice_url":""},"yoast_head":"\nWorld Bank expects Egypt reforms for USD 1 bn loan facility - 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\/2018\/12\/27\/world-bank-expects-egypt-reforms-for-usd-1-bn-loan-facility\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"World Bank expects Egypt reforms for USD 1 bn loan facility\" \/>\n<meta property=\"og:description\" content=\"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, and come up with a […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/27\/world-bank-expects-egypt-reforms-for-usd-1-bn-loan-facility\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-12-27T04:23:24+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\/2018\/12\/27\/world-bank-expects-egypt-reforms-for-usd-1-bn-loan-facility\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/27\/world-bank-expects-egypt-reforms-for-usd-1-bn-loan-facility\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"World Bank expects Egypt reforms for USD 1 bn loan facility\",\"datePublished\":\"2018-12-27T04:23:24+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/27\/world-bank-expects-egypt-reforms-for-usd-1-bn-loan-facility\/\"},\"wordCount\":196,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"Finance\",\"fiscal policy\",\"governance\",\"IMF\",\"policy\",\"SMEs\",\"SPEED ROUND\",\"World Bank\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/27\/world-bank-expects-egypt-reforms-for-usd-1-bn-loan-facility\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/27\/world-bank-expects-egypt-reforms-for-usd-1-bn-loan-facility\/\",\"name\":\"World Bank expects Egypt reforms for USD 1 bn loan facility - 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