{"id":651849,"date":"2017-02-22T04:06:03","date_gmt":"2017-02-22T04:06:03","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/22\/egypt-to-receive-first-tranche-of-world-banks-usd-500-mn-upper-egypt-development-loan-as-nasr-pushes-for-investment-act\/"},"modified":"2017-02-22T04:06:03","modified_gmt":"2017-02-22T04:06:03","slug":"egypt-to-receive-first-tranche-of-world-banks-usd-500-mn-upper-egypt-development-loan-as-nasr-pushes-for-investment-act","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/22\/egypt-to-receive-first-tranche-of-world-banks-usd-500-mn-upper-egypt-development-loan-as-nasr-pushes-for-investment-act\/","title":{"rendered":"Egypt to receive first tranche of World Bank\u2019s USD 500 mn Upper Egypt development loan, as Nasr pushes for Investment Act"},"content":{"rendered":"<p><strong>Nasr bringing home first tranche of World Bank loan, promises fast action on policy <\/strong><strong>front: <\/strong>Egypt will be receiving the first USD 125 mn tranche of an USD 500 mn Upper Egypt development loan from the World Bank \u201cwithin days,\u201d Investment and International Cooperation Minister Sahar Nasr said in a Tuesday <a href=\"http:\/\/www.alborsanews.com\/2017\/02\/21\/\u0646\u0635\u0631-\u0627\u0633\u062a\u0644\u0627\u0645-125-\u0645\u0644\u064a\u0648\u0646-\u062f\u0648\u0644\u0627\u0631-\u0645\u0646-\u0642\u0631\u0636-\u0627\u0644\u0628\u0646\u0643-\u0627\u0644\/\">press conference<\/a>.<\/p>\n<p>Nasr looks like she\u2019s keeping a busy schedule, trying to wrap up discussions with all the parties involved in the Investment Act to expedite its passage through the House general assembly, <a href=\"http:\/\/www.almalnews.com\/Pages\/StoryDetails.aspx?ID=323471\">Al Mal says<\/a>. The minister announced that GAFI has started drafting <strong>the Investment Act\u2019s executive regulations and should be done \u201cwithin a few short weeks,<\/strong>\u201d (hopefully) in time for the vote on the bill. Nasr has been <a href=\"http:\/\/www.alborsanews.com\/2017\/02\/21\/%d8%a7%d9%84%d8%a7%d8%b3%d8%aa%d8%ab%d9%85%d8%a7%d8%b1-%d9%88-%d8%a7%d9%84%d8%b9%d8%af%d9%84-%d9%8a%d9%86%d8%a7%d9%82%d8%b4%d8%a7%d9%86-%d9%85%d8%b4%d8%b1%d9%88%d8%b9-%d9%82%d8%a7%d9%86%d9%88\/\">in and out of meetings<\/a> with government officials including Prime Minister Sherif Ismail, House Speaker Ali Abdel Aal, MPs from the House Economics Committee, Egyptian Financial Supervisory Chairman Sherif Samy, and officials from the Justice Ministry \u2014 trying to finalize talks on various investment-related legislations, including the new Leasing Act and the one-stop-policy, which she promised would be ready within 24 hours.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nasr bringing home first tranche of World Bank loan, promises fast action on policy front: Egypt will be receiving the first USD 125 mn tranche of an USD 500 mn Upper Egypt development loan from the World Bank \u201cwithin days,\u201d Investment and International Cooperation Minister Sahar Nasr said in a Tuesday press conference. Nasr looks [&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-651849","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"cc2e06b0-8a3c-4c0c-bd73-3337737ec7c8","order":"0","is_powered_by":true,"section_story_id":"238eb6bd-9d56-4ae7-ad8c-a78f50569744","story_type":"1","photo_url":"","photo_position":"above","related_issue":[651836],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Egypt to receive first tranche of World Bank\u2019s USD 500 mn Upper Egypt development loan, as Nasr pushes for Investment Act - 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\/02\/22\/egypt-to-receive-first-tranche-of-world-banks-usd-500-mn-upper-egypt-development-loan-as-nasr-pushes-for-investment-act\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt to receive first tranche of World Bank\u2019s USD 500 mn Upper Egypt development loan, as Nasr pushes for Investment Act\" \/>\n<meta property=\"og:description\" content=\"Nasr bringing home first tranche of World Bank loan, promises fast action on policy front: Egypt will be receiving the first USD 125 mn tranche of an USD 500 mn Upper Egypt development loan from the World Bank \u201cwithin days,\u201d Investment and International Cooperation Minister Sahar Nasr said in a Tuesday press conference. Nasr looks [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/02\/22\/egypt-to-receive-first-tranche-of-world-banks-usd-500-mn-upper-egypt-development-loan-as-nasr-pushes-for-investment-act\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-02-22T04:06:03+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\/02\/22\/egypt-to-receive-first-tranche-of-world-banks-usd-500-mn-upper-egypt-development-loan-as-nasr-pushes-for-investment-act\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/02\/22\/egypt-to-receive-first-tranche-of-world-banks-usd-500-mn-upper-egypt-development-loan-as-nasr-pushes-for-investment-act\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Egypt to receive first tranche of World Bank\u2019s USD 500 mn Upper Egypt development loan, as Nasr pushes for Investment Act\",\"datePublished\":\"2017-02-22T04:06:03+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/02\/22\/egypt-to-receive-first-tranche-of-world-banks-usd-500-mn-upper-egypt-development-loan-as-nasr-pushes-for-investment-act\/\"},\"wordCount\":202,\"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\/02\/22\/egypt-to-receive-first-tranche-of-world-banks-usd-500-mn-upper-egypt-development-loan-as-nasr-pushes-for-investment-act\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/02\/22\/egypt-to-receive-first-tranche-of-world-banks-usd-500-mn-upper-egypt-development-loan-as-nasr-pushes-for-investment-act\/\",\"name\":\"Egypt to receive first tranche of World Bank\u2019s USD 500 mn Upper Egypt development loan, as Nasr pushes for Investment Act - 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Disbursing the tranche was approved two weeks ago. AfDB Country Manager for Egypt, Malinne Blomberg,\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":651849,"position":1},"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":646396,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/13\/wb-disburses-usd-125-mn-tranche-of-upper-egypt-development-loan\/","url_meta":{"origin":651849,"position":2},"title":"WB disburses USD 125 mn tranche of Upper Egypt development loan","author":"enterpriseam admin","date":"13 June 2017","format":false,"excerpt":"The World Bank has disbursed the first USD 125 mn tranche of a USD 500 mn loan supporting the Sisi administration\u2019s Upper Egypt development program, Investment and International Cooperation Minister Sahar Nasr announced. The funding is earmarked for infrastructure development as well as for potable water and wastewater treatment programs.\u2026","rel":"","context":"In &quot;Diplomacy + Foreign Trade&quot;","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":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":651849,"position":3},"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":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":651849,"position":4},"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":595083,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/16\/egypt-to-obtain-first-segment-of-usd-500-mn-world-bank-loan-next-fiscal-year\/","url_meta":{"origin":651849,"position":5},"title":"Egypt to obtain first segment of USD 500 mn World Bank loan next fiscal year","author":"enterpriseam admin","date":"16 September 2019","format":false,"excerpt":"Takaful and Karama will receive first payment of USD 500 mn World Bank loan next fiscal year: The Social Solidarity Ministry will start receiving payments from the USD 500 mn World Bank loan for the Takaful and Karama social welfare programs in three tranches over three years, starting from FY2020-2021,\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\/651849","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=651849"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/651849\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/651836"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=651849"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=651849"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=651849"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=651849"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=651849"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}