{"id":642773,"date":"2017-08-22T04:14:41","date_gmt":"2017-08-22T04:14:41","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/22\/third-usd-1-bn-tranche-of-world-bank-loan-coming-before-years-end\/"},"modified":"2017-08-22T04:14:41","modified_gmt":"2017-08-22T04:14:41","slug":"third-usd-1-bn-tranche-of-world-bank-loan-coming-before-years-end","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/22\/third-usd-1-bn-tranche-of-world-bank-loan-coming-before-years-end\/","title":{"rendered":"Third USD 1 bn tranche of World Bank loan coming before year\u2019s end"},"content":{"rendered":"<p><strong>Third USD 1 bn tranche of World Bank loan coming before year\u2019s end:<\/strong> 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 Sahar Nasr <a href=\"http:\/\/www.miic.gov.eg\/Front\/Media\/NewsDetail.aspx?MedId=8327\">said in a statement<\/a>. Nasr is currently in meetings with a World Bank delegation <a href=\"https:\/\/enterprise.press\/stories\/2017\/08\/21\/what-were-tracking-on-21-august-2017\/\">in town until Thursday<\/a> to discuss the disbursal.<\/p>\n<p>Separately, <strong>ministry officials met with the Saudi Fund for Development (SFD) to <\/strong><strong>discuss disbursing a USD 130 mn tranche of the USD 1.5 bn loan<\/strong> for Sinai development projects, <a href=\"http:\/\/www.almalnews.com\/Story\/343617\/15\/%D8%A7%D8%AC%D8%AA%D9%85%D8%A7%D8%B9%D8%A7%D8%AA-%D9%85%D8%B9-%D8%A7%D9%84%D8%B5%D9%86%D8%AF%D9%88%D9%82-%D8%A7%D9%84%D8%B3%D8%B9%D9%88%D8%AF%D9%8A-%D9%84%D8%A8%D8%AD%D8%AB-%D8%A7%D8%B3%D8%AA%D9%84%D8%A7%D9%85-130-%D9%85%D9%84%D9%8A%D9%88%D9%86-%D8%AF%D9%88%D9%84%D8%A7%D8%B1-\">according to Al Mal<\/a>. The SFD had disbursed a USD 400 mn tranche of the loan <a href=\"https:\/\/enterprise.press\/stories\/2017\/06\/12\/usd-400-mn-from-saudi-for-sinai-development-wb-and-afdb-in-town-to-disburse-funds\/\">last June<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 Sahar Nasr said in 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-642773","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"2cae5308-8fae-4bd9-b958-0e68ee60eeb4","order":"0","is_powered_by":true,"section_story_id":"321e0121-ff13-4566-ae05-092ce4b96810","story_type":"1","photo_url":"","photo_position":"above","related_issue":[642758],"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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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":[]},{"id":649522,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/02\/imf-coming-in-march-nasr-looking-for-usd-1-bn-second-tranche-of-usd-3-bn-development-loan\/","url_meta":{"origin":642773,"position":1},"title":"IMF coming in March, Nasr looking for USD 1 bn second tranche of USD 3 bn development loan","author":"enterpriseam admin","date":"2 March 2017","format":false,"excerpt":"The IMF may not be here in March, but World Bank will be: A delegation from the World Bank Group is reportedly coming to town in the first half of March to discuss progress on Egypt\u2019s economic reform agenda, said Investment and International Cooperation Minister Sahar Nasr. The World Bank\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":642065,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/06\/fdi-to-ring-in-around-usd-8-7-bn-in-fy2016-17-world-bank-afdb-tranches-coming-before-the-end-of-the-year-sahar-nasr\/","url_meta":{"origin":642773,"position":2},"title":"FDI to ring in around USD 8.7 bn in FY2016-17, World Bank, AfDB tranches coming before the end of the year -Sahar Nasr","author":"enterpriseam admin","date":"6 August 2017","format":false,"excerpt":"Foreign direct investment in FY2016-17 is expected to ring at around USD 8.7 bn, climbing 26% y-o-y over the previous fiscal year, said Investment and International Cooperation Minister Sahar Nasr (pdf) on Friday. Total investments for FY2016-17 came in at EGP 502 bn, up 28% y-o-y. Nasr reiterated last week\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":625178,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/30\/egypt-receives-final-usd-500-mn-tranche-of-afdbs-usd-1-5-bn-loan\/","url_meta":{"origin":642773,"position":3},"title":"Egypt receives final USD 500 mn tranche of AfDB\u2019s USD 1.5 bn loan","author":"enterpriseam admin","date":"30 September 2018","format":false,"excerpt":"Egypt received the third and final USD 500 mn tranche of a USD 1.5 bn African Development Bank loan on Thursday, according to an Investment Ministry statement (pdf). Authorities will use the funds to finance development projects and provide services to citizens in under-developed regions, Minister Sahar Nasr said. The\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":646319,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/12\/usd-400-mn-from-saudi-for-sinai-development-wb-and-afdb-in-town-to-disburse-funds\/","url_meta":{"origin":642773,"position":4},"title":"USD 400 mn from Saudi for Sinai development, WB and AfDB in town to disburse funds","author":"enterpriseam admin","date":"12 June 2017","format":false,"excerpt":"The Saudi Fund for Development disbursed last week a USD 400 mn tranche of its USD 1.5 bn loan for the development of Sinai, Investment and International Cooperation Minister Sahar Nasr said, according to remarks carried by Al Mal. The loan is set to fund King Salman University, King Salman\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":631055,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/08\/egypt-receives-third-and-final-usd-1-bn-tranche-of-world-banks-usd-3-15-bn-development-loan\/","url_meta":{"origin":642773,"position":5},"title":"Egypt receives third and final USD 1 bn tranche of World Bank\u2019s USD 3.15 bn development loan","author":"enterpriseam admin","date":"8 March 2018","format":false,"excerpt":"Egypt received the third and final USD 1 bn tranche of the World Bank\u2019s USD 3.15 bn development loan, Investment and International Cooperation Minister Sahar Nasr announced yesterday Reuters reports. 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