Masress : World Bank Delegation to visit Egypt on Sunday to discuss $1bn loan

Egypt's golf chief Omar Hisham Talaat elected to Arab Golf Federation board Egypt extends Eni's oil and gas concession in Suez Gulf, Nile Delta to 2040 Egypt, India explore joint investments in gas, mining, petrochemicals Egypt launches National Strategy for Rare Diseases at PHDC'25 Egyptian pound inches up against dollar in early Thursday trade Singapore's Destiny Energy to invest $210m in Egypt to produce 100,000 tonnes of green ammonia annually Egypt's FM discusses Gaza, Libya, Sudan at Turkey's SETA foundation UN warns of 'systematic atrocities,' deepening humanitarian catastrophe in Sudan Egypt's Al-Sisi ratifies new criminal procedures law after parliament amends it Egypt launches 3rd World Conference on Population, Health and Human Development Cowardly attacks will not weaken Pakistan's resolve to fight terrorism, says FM Egypt's TMG 9-month profit jumps 70% on record SouthMed sales Egypt adds trachoma elimination to health success track record: WHO Egypt, Latvia sign healthcare MoU during PHDC'25 Egypt, India explore cooperation in high-tech pharmaceutical manufacturing, health investments Egypt, Sudan, UN convene to ramp up humanitarian aid in Sudan Egypt releases 2023 State of Environment Report Egyptians vote in 1st stage of lower house of parliament elections Grand Egyptian Museum welcomes over 12,000 visitors on seventh day Sisi meets Russian security chief to discuss Gaza ceasefire, trade, nuclear projects Egypt repatriates 36 smuggled ancient artefacts from the US Grand Egyptian Museum attracts 18k visitors on first public opening day 'Royalty on the Nile': Grand Ball of Monte-Carlo comes to Cairo VS-FILM Festival for Very Short Films Ignites El Sokhna Egypt's cultural palaces authority launches nationwide arts and culture events Egypt launches Red Sea Open to boost tourism, international profile Qatar to activate Egypt investment package with Matrouh deal in days: Cabinet Omar Hisham Talaat: Media partnership with 'On Sports' key to promoting Egyptian golf tourism Sisi expands national support fund to include diplomats who died on duty Madinaty Golf Club to host 104th Egyptian Open Egypt's PM reviews efforts to remove Nile River encroachments Al-Sisi: Cairo to host Gaza reconstruction conference in November Egypt will never relinquish historical Nile water rights, PM says Egypt resolves dispute between top African sports bodies ahead of 2027 African Games Germany among EU's priciest labour markets – official data Paris Olympic gold '24 medals hit record value It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game Russia says it's in sync with US, China, Pakistan on Taliban Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights Sudan says countries must cooperate on vaccines Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19 Egypt to tax bloggers, YouTubers Egypt's FM asserts importance of stability in Libya, holding elections as scheduled We mustn't lose touch: Muller after Bayern win in Bundesliga Egypt records 36 new deaths from Covid-19, highest since mid June Egypt sells $3 bln US-dollar dominated eurobonds Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform

Thank you for reporting!

This image will be automatically disabled when it gets reported by several people.

World Bank Delegation to visit Egypt on Sunday to discuss $1bn loan
Minister of Investment and International Cooperation makes arrangements to receive the last portion of the $3bn loan

Reem Hosam El din Published in Daily News Egypt on 16 - 08 - 2017

Minister of Investment and International Cooperation Sahar Nasr is holding discussions with the Regional Director of the World Bank, Asad Alam, to look into the arrangements to take place for a World Bank delegation's visit to Egypt, from Sunday 20 August until 24 August. The visit aims to discuss the procedures for Egypt to obtain the third and last portion, worth $1bn, of the $3bn World Bank loan.
Egypt has already obtained two separate portions of the loan, which were worth a total of $2bn out of the $3bn total value of the bank's loan. This loan aims to support Egypt's economic and social programme for a period of three years.
Another visit is expected to take place in September, following the visit in August, to discuss Upper Egypt development projects and ways to enhance the investment environment.
Nasr's meeting with Alam also included discussing the necessary cooperation in the field of investment policies and supporting the private sector in economic and social development in Egypt.
The Egyptian government received the first portion of the loan, worth $1bn, in September 2016, and the second portion, worth $1bn, in March 2017.
Egypt has entered into negotiations with a number of international lending institutions to counter its economic burdens and speed up its economic recovery process, where it was able to reach an agreement with the International Monetary Fund (IMF) to borrow a loan worth $12bn.

Clic here to read the story from its source.