{"id":619317,"date":"2024-04-30T00:00:00","date_gmt":"2024-04-30T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/04\/30\/japan-pledges-usd-230-mn-in-budget-support\/"},"modified":"2024-04-30T00:00:00","modified_gmt":"2024-04-30T00:00:00","slug":"japan-pledges-usd-230-mn-in-budget-support","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/04\/30\/japan-pledges-usd-230-mn-in-budget-support\/","title":{"rendered":"Japan pledges USD 230 mn in budget support"},"content":{"rendered":"

Another USD 230 mn in budget support from Japan<\/strong>: <\/strong>Japan has pledged USD 230 mn in financing to support the state budget, Finance Minister Mohamed Maait told <\/span>Asharq Business<\/a> on the sidelines of the World Economic Forum\u2019s special meeting in Riyadh. Maait also <\/span>highlighted<\/a> potential investments available to the Japanese business community during a meeting with Japan Bank for International Cooperation Governor <\/span>Nobumitsu Hayash<\/a> i on the sidelines of the event.<\/span><\/p>\n

Maait also pushed <\/strong>for soft, non-traditional development finance from multilateral<\/strong> development banks<\/strong> to bridge the financing gap for emerging economies, during a meeting with Multilateral Cooperation Center for Development Finance CEO Zhongjing Wang on the sidelines of the Islamic Development Bank annual meeting in Riyadh, according to a statement<\/a>.<\/p>\n

The finance minister\u2019s case:<\/strong> \u201cMultilateral development cooperation must be strengthened to fill the financing gaps of emerging economies with low-cost mechanisms and tools that are more appropriate and able to adapt to ... global crises and their repercussions and negative effects,\u201d Maait explained.<\/p>\n

Remember:<\/strong> We also got wind of another batch of budget support coming our way from a sovereign lender, with news that Egypt could also see USD 400 mn in budget support<\/a> from the UK over the next two years.<\/p>\n","protected":false},"excerpt":{"rendered":"

Non-traditional, low-cost development financing tools can bridge the financing gap for emerging economies, Maait says.<\/p>\n","protected":false},"author":1,"featured_media":619318,"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":[7206],"tags":[101,104,72,570],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-619317","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","tag-development-finance","tag-economy","tag-enterpriseam","tag-japan","wpautop","entry"],"acf":{"mongo_id":"631e2e1a-28d1-490f-8554-89f34f8f5437","order":"9","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/4\/2144.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Japan pledges USD 230 mn in budget support","related_issue":[619303],"teaser":"Non-traditional, low-cost development financing tools can bridge the financing gap for emerging economies, Maait says.","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/4\/.799e1d2c-004b-46d2-8e73-0f5d9dabc94a.mp3"},"yoast_head":"\nJapan pledges USD 230 mn in budget support - 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\/2024\/04\/30\/japan-pledges-usd-230-mn-in-budget-support\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Japan pledges USD 230 mn in budget support\" \/>\n<meta property=\"og:description\" content=\"Non-traditional, low-cost development financing tools can bridge the financing gap for emerging economies, Maait says.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2024\/04\/30\/japan-pledges-usd-230-mn-in-budget-support\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-30T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/2144.jpg?fit=%2C&ssl=1\" \/>\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\/2024\/04\/30\/japan-pledges-usd-230-mn-in-budget-support\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/04\/30\/japan-pledges-usd-230-mn-in-budget-support\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Japan pledges USD 230 mn in budget support\",\"datePublished\":\"2024-04-30T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/04\/30\/japan-pledges-usd-230-mn-in-budget-support\/\"},\"wordCount\":207,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/04\/30\/japan-pledges-usd-230-mn-in-budget-support\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/2144.jpg?fit=%2C&ssl=1\",\"keywords\":[\"development finance\",\"economy\",\"EnterpriseAM\",\"Japan\"],\"articleSection\":[\"Economy\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/04\/30\/japan-pledges-usd-230-mn-in-budget-support\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2024\/04\/30\/japan-pledges-usd-230-mn-in-budget-support\/\",\"name\":\"Japan pledges USD 230 mn in budget support - 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PLUS: Quick economic update from Maait","author":"enterpriseam admin","date":"12 July 2023","format":false,"excerpt":"Egypt has only tapped the int\u2019l debt markets once since March 2022","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/7\/447.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":587443,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/28\/finmin-to-take-usd-500-mn-panda-bond-issuance-to-market-in-3q-2023\/","url_meta":{"origin":619317,"position":2},"title":"FinMin to take USD 500 mn panda bond issuance to market in 3Q 2023","author":"enterpriseam admin","date":"28 May 2023","format":false,"excerpt":"The ministry delayed the issuance due to volatile market conditions","rel":"","context":"In "DEBT WATCH"","block_context":{"text":"DEBT WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/debt-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1453.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":577890,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/08\/sovereign-sukuk-sustainable-bond-issuances-coming-this-fy\/","url_meta":{"origin":619317,"position":3},"title":"Sovereign sukuk + sustainable bond issuances coming this FY?","author":"enterpriseam admin","date":"8 December 2022","format":false,"excerpt":"FinMin could take its maiden sovereign sukuk issuance to market in 1H 2023: The Finance Ministry is planning to sell USD 1.5-2.5 bn of sukuk, a shariah-compliant debt instrument, Finance Minister Mohamed Maait told Reuters yesterday. 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Most of the funding \u2014 USD 8.7 bn \u2014 went to the public sector, while the remaining USD 1.6 bn went to private-sector initiatives.The key public sector\u2026","rel":"","context":"In "DEBT WATCH"","block_context":{"text":"DEBT WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/debt-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/1\/208.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":571988,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/06\/08\/maait-gives-lamees-an-update-on-egypts-economic-outlook-amid-covid-19\/","url_meta":{"origin":619317,"position":5},"title":"Maait gives Lamees an update on Egypt\u2019s economic outlook amid covid-19","author":"enterpriseam admin","date":"8 June 2020","format":false,"excerpt":"The highlight of last night\u2019s talk shows was Finance Minister Mohamed Maait\u2019s chat with Al Kahera Alaan\u2019s Lamees El Hadidi for an update on Egypt\u2019s macro indicators and the government\u2019s outlook amid covid-19. 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