{"id":650307,"date":"2017-03-21T03:59:30","date_gmt":"2017-03-21T03:59:30","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/21\/world-bank-disburses-second-tranche-of-usd-3-bn-development-loan\/"},"modified":"2017-03-21T03:59:30","modified_gmt":"2017-03-21T03:59:30","slug":"world-bank-disburses-second-tranche-of-usd-3-bn-development-loan","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/21\/world-bank-disburses-second-tranche-of-usd-3-bn-development-loan\/","title":{"rendered":"World Bank disburses second tranche of USD 3 bn development loan"},"content":{"rendered":"

The World Bank disbursed the second USD 1 bn tranche of its USD 3 bn development <\/strong>loan<\/strong> to Egypt yesterday, Reuters<\/a> 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 country director for Egypt, Yemen and Djibouti, Asad Alam, said. The funds will, in the meantime, shore up Egypt\u2019s foreign reserves, according to remarks that Al Masry Al Youm<\/a> attributes to Deputy Finance Minister Ahmed Kouchouk\u2019s. Egypt had received the first tranche of the loan last September<\/a> and will be negotiating the disbursement of the third and final tranche in Washington at the end of next month, the World Bank Group\u2019s Egypt Executive Director Mezra Hassan told AMAY<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

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 country director for Egypt, Yemen […]<\/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-650307","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"1964a827-8185-46fb-bf26-f491e8d7b671","order":"0","is_powered_by":true,"section_story_id":"322ffdbd-3304-4a7b-aa43-bbc95691871c","story_type":"1","photo_url":"","photo_position":"above","related_issue":[650296],"teaser":"","voice_url":""},"yoast_head":"\nWorld Bank disburses second tranche of USD 3 bn development loan - 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\/2017\/03\/21\/world-bank-disburses-second-tranche-of-usd-3-bn-development-loan\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"World Bank disburses second tranche of USD 3 bn development loan\" \/>\n<meta property=\"og:description\" content=\"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 country director for Egypt, Yemen […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/21\/world-bank-disburses-second-tranche-of-usd-3-bn-development-loan\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-03-21T03:59:30+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/21\/world-bank-disburses-second-tranche-of-usd-3-bn-development-loan\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/21\/world-bank-disburses-second-tranche-of-usd-3-bn-development-loan\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"World Bank disburses second tranche of USD 3 bn development loan\",\"datePublished\":\"2017-03-21T03:59:30+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/21\/world-bank-disburses-second-tranche-of-usd-3-bn-development-loan\/\"},\"wordCount\":140,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/21\/world-bank-disburses-second-tranche-of-usd-3-bn-development-loan\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/21\/world-bank-disburses-second-tranche-of-usd-3-bn-development-loan\/\",\"name\":\"World Bank disburses second tranche of USD 3 bn development loan - 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