{"id":635526,"date":"2017-12-06T04:12:39","date_gmt":"2017-12-06T04:12:39","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/06\/world-bank-to-issue-usd-1-15-bn-development-loan-tranche-to-egypt\/"},"modified":"2017-12-06T04:12:39","modified_gmt":"2017-12-06T04:12:39","slug":"world-bank-to-issue-usd-1-15-bn-development-loan-tranche-to-egypt","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/06\/world-bank-to-issue-usd-1-15-bn-development-loan-tranche-to-egypt\/","title":{"rendered":"World Bank to issue USD 1.15 bn development loan tranche to Egypt"},"content":{"rendered":"<p><strong>The World Bank <\/strong><a href=\"http:\/\/www.worldbank.org\/en\/news\/press-release\/2017\/12\/05\/world-bank-approves-us115-billion-loan-to-egypt-to-boost-economy-create-jobs\"><strong>announced yesterday<\/strong><\/a><strong> that its executive board has approved the<\/strong><strong>disbursal of a USD 1.15 bn tranche of a USD 3.15 bn development loan to Egypt.<\/strong> \u201cThis loan is the last in the series of three annual loans \u2014 called the Fiscal Consolidation, Sustainable Energy, and Competitiveness Development Policy Financing loans \u2014 worth a total of USD 3.15 bn,\u201d which had been paid annually from 2015-2017, the World Bank said in a statement. The government expects the funds to be <strong>issued within the next 48 hours<\/strong>, <a href=\"http:\/\/www.youm7.com\/story\/2017\/12\/5\/%D9%85%D8%B5%D8%A7%D8%AF%D8%B1-%D8%AD%D9%83%D9%88%D9%85%D9%8A%D8%A9-%D9%85%D8%B5%D8%B1-%D8%AA%D8%AA%D8%B3%D9%84%D9%85-1-15-%D9%85%D9%84%D9%8A%D8%A7%D8%B1-%D8%AF%D9%88%D9%84%D8%A7%D8%B1-%D8%AE%D9%84%D8%A7%D9%84-48\/3541570\">top state officials tell Youm7<\/a>. The amount will be used to bolster FX reserves, which <a href=\"https:\/\/enterprise.press\/stories\/2017\/12\/05\/fx-reserves-stable-at-usd-36-7-bn-in-november\/\">grew slightly during November<\/a> to reach USD 36.723 bn, while its EGP equivalent will be paid out to different government offices and ministries to help finance development projects under their administration.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The World Bank announced yesterday that its executive board has approved thedisbursal of a USD 1.15 bn tranche of a USD 3.15 bn development loan to Egypt. \u201cThis loan is the last in the series of three annual loans \u2014 called the Fiscal Consolidation, Sustainable Energy, and Competitiveness Development Policy Financing loans \u2014 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":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-635526","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"fc935a4c-09ac-49d7-86a3-9e5d62ac1e9d","order":"0","is_powered_by":true,"section_story_id":"511fb3ff-d784-4b38-a88d-1f46c55b0ec4","story_type":"1","photo_url":"","photo_position":"above","related_issue":[635509],"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 bank\u2019s executive board had approved the disbursal of the final tranche in December. Top state officials had said at\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":642773,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/22\/third-usd-1-bn-tranche-of-world-bank-loan-coming-before-years-end\/","url_meta":{"origin":635526,"position":2},"title":"Third USD 1 bn tranche of World Bank loan coming before year\u2019s end","author":"enterpriseam admin","date":"22 August 2017","format":false,"excerpt":"Third USD 1 bn tranche of World Bank loan coming before year\u2019s end: The third and final USD 1 bn tranche of the USD 3 bn World Bank loan to support the economic and social reform program is expected to be signed before the end of the year, Investment Minister\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":650307,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/21\/world-bank-disburses-second-tranche-of-usd-3-bn-development-loan\/","url_meta":{"origin":635526,"position":3},"title":"World Bank disburses second tranche of USD 3 bn development loan","author":"enterpriseam admin","date":"21 March 2017","format":false,"excerpt":"The World Bank disbursed the second USD 1 bn tranche of its USD 3 bn development loan to Egypt yesterday, Reuters reports. \u201cThe government has taken important steps in implementing key policy and institutional reforms that are laying down the foundations for accelerated job creation and inclusive growth,\u201d the bank\u2019s\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":595374,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/24\/egypt-to-receive-first-tranche-of-usd-1-2-bn-exim-loan-for-railway-project-this-month\/","url_meta":{"origin":635526,"position":4},"title":"Egypt to receive first tranche of USD 1.2 bn Exim loan for railway project this month","author":"enterpriseam admin","date":"24 September 2019","format":false,"excerpt":"Is the electric railway getting the first tranche of China Exim Bank\u2019s USD 1.2 bn loan this month? The Export-Import Bank of China (China Exim Bank) will disburse USD 105 mn to the Trade Ministry as a first tranche of a USD 1.2 bn loan to fund the East Cairo\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/9\/train-1600-px.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":650423,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/23\/world-bank-delegation-in-town-talks-for-third-usd-1-bn-loan-tranche-underway\/","url_meta":{"origin":635526,"position":5},"title":"World Bank delegation in town, talks for third USD 1 bn loan tranche underway","author":"enterpriseam admin","date":"23 March 2017","format":false,"excerpt":"Talks for third USD 1 bn World Bank loan tranche underway: Negotiations for the disbursement of a third USD 1 bn tranche of the World Bank (WB) loan to support the economic reform program are currently underway, according to an e-mailed statement from the Investment Ministry. Minister Sahar Nasr met\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/635526","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=635526"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/635526\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/635509"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=635526"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=635526"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=635526"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=635526"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=635526"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}