{"id":624268,"date":"2018-09-04T04:15:17","date_gmt":"2018-09-04T04:15:17","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/04\/world-bank-offers-usd-500-mn-loan-to-support-egypts-cash-subsidy-programs\/"},"modified":"2018-09-04T04:15:17","modified_gmt":"2018-09-04T04:15:17","slug":"world-bank-offers-usd-500-mn-loan-to-support-egypts-cash-subsidy-programs","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/04\/world-bank-offers-usd-500-mn-loan-to-support-egypts-cash-subsidy-programs\/","title":{"rendered":"World Bank offers USD 500 mn loan to support Egypt\u2019s cash-subsidy programs"},"content":{"rendered":"

The World Bank has offered a USD 500 mn loan to support Egypt\u2019s cash-subsidy programs:<\/strong> The news of potential limits on fresh debt comes as the World Bank has offered Egypt a USD 500 mn loan to support its Takaful and Karama cash-subsidy programs, Social Solidarity Minister Ghada Wali tells Al Mal<\/a><\/u>. According to the minister, the World Bank\u2019s review of the programs and their impact on registered families earlier this year earned the government significant praise, pushing the bank to offer a facility to further support the programs. Wali did not disclose further details on the negotiations over the financial package or when she expects the agreements will be signed. A senior government official had told us back in July<\/a><\/u> that the Madbouly government put in a request for a USD 2 bn facility<\/strong> from the bank to help \u201csupport Egypt\u2019s economic reform measures.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

The World Bank has offered a USD 500 mn loan to support Egypt\u2019s cash-subsidy programs: The news of potential limits on fresh debt comes as the World Bank has offered Egypt a USD 500 mn loan to support its Takaful and Karama cash-subsidy programs, Social Solidarity Minister Ghada Wali tells Al Mal. According to 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-624268","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"fa3432a7-607d-41cc-afe9-e19620b58d42","order":"0","is_powered_by":true,"section_story_id":"b5be957b-45c7-48af-b0e7-f3ae5c8f1d76","story_type":"1","photo_url":"","photo_position":"above","related_issue":[624262],"teaser":"","voice_url":""},"yoast_head":"\nWorld Bank offers USD 500 mn loan to support Egypt\u2019s cash-subsidy programs - 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\/09\/04\/world-bank-offers-usd-500-mn-loan-to-support-egypts-cash-subsidy-programs\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"World Bank offers USD 500 mn loan to support Egypt\u2019s cash-subsidy programs\" \/>\n<meta property=\"og:description\" content=\"The World Bank has offered a USD 500 mn loan to support Egypt\u2019s cash-subsidy programs: The news of potential limits on fresh debt comes as the World Bank has offered Egypt a USD 500 mn loan to support its Takaful and Karama cash-subsidy programs, Social Solidarity Minister Ghada Wali tells Al Mal. 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The proceeds\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":596596,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/02\/egypt-to-finalize-usd-500-mn-world-bank-cash-subsidy-loan-by-end-july\/","url_meta":{"origin":624268,"position":1},"title":"Egypt to finalize USD 500 mn World Bank cash subsidy loan by end-July","author":"enterpriseam admin","date":"2 July 2019","format":false,"excerpt":"FinMin to finalize USD 500 mn World Bank cash subsidy support loan by the end of the month: The Finance Ministry is set to wrap up the procedures of obtaining a USD 500 mn loan offered by the World Bank last year to support the Takaful and Karama cash subsidy\u2026","rel":"","context":"In "Diplomacy + Foreign Trade"","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":594964,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/12\/egypt-world-bank-sign-usd-500-mn-facility-extending-social-safety-program\/","url_meta":{"origin":624268,"position":2},"title":"Egypt, World Bank sign USD 500 mn facility extending social safety program","author":"enterpriseam admin","date":"12 September 2019","format":false,"excerpt":"In other news from international financiers: Egypt, World Bank sign USD 500 mn facility to extend social safety net: Investment Minister Sahar Nasr and World Bank director in Egypt Marina Weis have signed an agreement to extend a program to support Egypt\u2019s social safety net for three years, the ministry\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":602054,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/18\/egypt-in-talks-with-unnamed-foreign-lenders-for-usd-2-bn-loan-for-transport-projects\/","url_meta":{"origin":624268,"position":3},"title":"Egypt in talks with unnamed foreign lenders for USD 2 bn loan for transport projects","author":"enterpriseam admin","date":"18 March 2019","format":false,"excerpt":"Egypt is in talks with unnamed foreign lenders for a USD 2 bn loan to fund new transport projects, Investment Minister Sahar Nasr said yesterday, according to a ministry statement (pdf). Nasr met with newly appointed Transport Minister Kamel El Wazir to discuss financing for the Transport Ministry\u2019s planned infrastructure\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":593866,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/13\/cabinet-signs-off-on-usd-500-mn-world-bank-facility-for-egypts-social-safety-net\/","url_meta":{"origin":624268,"position":4},"title":"Cabinet signs off on USD 500 mn World Bank facility for Egypt\u2019s social safety net","author":"enterpriseam admin","date":"13 October 2019","format":false,"excerpt":"CABINET WATCH- The Madbouly Cabinet approved on Thursday a USD 500 mn loan from the World Bank to support Egypt\u2019s social safety net for three years, according to an official statement. Egypt had signed the agreement for the facility, which will be used to expand the Takaful and Karama cash\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":595388,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/24\/solidarity-ministry-to-receive-world-bank-loan-tranche-for-employment-initiative-next-month\/","url_meta":{"origin":624268,"position":5},"title":"Solidarity Ministry to receive World Bank loan tranche for employment initiative next month","author":"enterpriseam admin","date":"24 September 2019","format":false,"excerpt":"The Finance Ministry could disburse EGP 800-900 mn from a recently agreed USD 500 mn World Bank loan to the Social Solidarity Ministry for its employment initiative in October, sources told the local press. 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