{"id":622728,"date":"2018-10-10T05:44:45","date_gmt":"2018-10-10T05:44:45","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/10\/nasr-looks-to-lock-in-usd-1-5-bn-world-bank-loan-for-sinai-social-housing\/"},"modified":"2018-10-10T05:44:45","modified_gmt":"2018-10-10T05:44:45","slug":"nasr-looks-to-lock-in-usd-1-5-bn-world-bank-loan-for-sinai-social-housing","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/10\/nasr-looks-to-lock-in-usd-1-5-bn-world-bank-loan-for-sinai-social-housing\/","title":{"rendered":"Nasr looks to lock in USD 1.5 bn World Bank loan for Sinai, social housing"},"content":{"rendered":"<p><strong>Nasr looks to lock in USD 1.5 bn World Bank loan for Sinai, social housing by year\u2019s end:<\/strong> Investment and International Cooperation Minister Sahar Nasr will meet with World Bank officials on the sidelines of the IMF and WB fall meetings this week to finalize agreements that will see the bank provide loans worth a combined USD 1.5 bn, a ministry <a href=\"http:\/\/www.shorouknews.com\/news\/view.aspx?cdate=09102018&id=27f604ac-1812-4df2-a8d9-c564776a3317\">source tells Al Shorouk<\/a>. USD 1 bn will be allocated to support Sinai development efforts and a separate USD 500 mn package will be used for the second phase of the government\u2019s social housing projects, before the year is out. Talks over the Sinai development package have been ongoing <a href=\"https:\/\/enterprise.press\/stories\/2018\/04\/30\/nasr-in-talks-with-world-bank-on-usd-1-bn-loan-to-develop-sinai\/\">since April<\/a>, while Prime Minister Mostafa Madbouly <a href=\"https:\/\/enterprise.press\/stories\/2018\/07\/10\/egypt-requests-usd-2-bn-in-funding-from-the-world-bank-2\/\">had put in a request<\/a> for the social housing funding in July.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nasr looks to lock in USD 1.5 bn World Bank loan for Sinai, social housing by year\u2019s end: Investment and International Cooperation Minister Sahar Nasr will meet with World Bank officials on the sidelines of the IMF and WB fall meetings this week to finalize agreements that will see the bank provide loans worth a [&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":[9285],"tags":[2398,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-622728","post","type-post","status-publish","format-standard","hentry","category-diplomacy-foreign-trade","tag-diplomacy-foreign-trade","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"ab2fffb6-79c8-43af-8463-1900e7217430","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[622700],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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The Housing and Investment Ministries are leading the efforts to identify priority projects in Sinai, the sources add. Investment Minister\u2026","rel":"","context":"In &quot;Diplomacy + Foreign Trade&quot;","block_context":{"text":"Diplomacy + Foreign Trade","link":"https:\/\/enterpriseam.com\/egypt\/category\/diplomacy-foreign-trade\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":622954,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/17\/world-bank-pledges-usd-3-bn-loan-for-infrastructure-projects-sinai-development\/","url_meta":{"origin":622728,"position":1},"title":"World Bank pledges USD 3 bn loan for infrastructure projects, Sinai development","author":"enterpriseam admin","date":"17 October 2018","format":false,"excerpt":"** #2 \u2013 World Bank pledges USD 3 bn loan for infrastructure projects, Sinai development: Investment and International Cooperation Minister Sahar Nasr reached a final agreement with the World Bank to extend a USD 3 bn loan \u201cover the coming months,\u201d according to a ministry statement (pdf). 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Turkish Foreign Minister Mevlut Cavusoglu said the call for a ceasefire \u201cdoes not seem sincere and credible,\u201d describing the agreement as \u201cstillborn\u201d because it has not been accepted by both sides, according to Hurriyet. 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