{"id":622954,"date":"2018-10-17T03:24:54","date_gmt":"2018-10-17T03:24:54","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/17\/world-bank-pledges-usd-3-bn-loan-for-infrastructure-projects-sinai-development\/"},"modified":"2018-10-17T03:24:54","modified_gmt":"2018-10-17T03:24:54","slug":"world-bank-pledges-usd-3-bn-loan-for-infrastructure-projects-sinai-development","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/17\/world-bank-pledges-usd-3-bn-loan-for-infrastructure-projects-sinai-development\/","title":{"rendered":"World Bank pledges USD 3 bn loan for infrastructure projects, Sinai development"},"content":{"rendered":"

<\/a> ** #2 \u2013 World Bank pledges USD 3 bn loan for infrastructure projects, Sinai development:<\/strong> 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)<\/a>. The funding will be directed towards supporting the government\u2019s development drive in the Sinai Peninsula, as well as financing infrastructure, transport and agriculture projects elsewhere in the country and general backing for Egypt\u2019s economic reform program, the statement says. Talks for the funding had been ongoing since April<\/a>. We had reported in an exclusive back in July<\/a> that Cairo was seeking USD 2 bn in World Bank funding. It remains unclear whether the USD 3 bn in funding package includes a USD 500 mn loan<\/a> Prime Minister Mostafa Madbouly had requested from the bank for social housing development.<\/p>\n

The news comes as Investment Minister Sahar Nasr is courting European investors <\/strong>on a roadshow that has taken her to Luxembourg, according to a ministry statement (pdf)<\/a>. In addition to sit-downs with government and Luxembourg stock exchange officials, Nasr is meeting with execs in industries including banking, materials, and chemicals. Look for a return visit by a Luxembourg trade delegation in the not-so-distant future.<\/p>\n

Nasr is meeting today with the EU\u2019s top \u201cneighborhood policy\u201d boss<\/strong>, according to a European Commission statement picked up by Al Masry Al Youm<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

** #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). The funding will be directed towards supporting the […]<\/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":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-622954","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"ea3a76a1-6a3e-492b-b0f0-f2db9ddbb4fb","order":"0","is_powered_by":true,"section_story_id":"ba2a5382-7ab8-4567-9708-248cd6179cbc","story_type":"1","photo_url":"","photo_position":"above","related_issue":[622945],"teaser":"","voice_url":""},"yoast_head":"\nWorld Bank pledges USD 3 bn loan for infrastructure projects, Sinai development - 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\/10\/17\/world-bank-pledges-usd-3-bn-loan-for-infrastructure-projects-sinai-development\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"World Bank pledges USD 3 bn loan for infrastructure projects, Sinai development\" \/>\n<meta property=\"og:description\" content=\"** #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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