Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Egypt gets part of World Bank loan: minister  Join our daily free Newsletter

MENAFN - AFP - 21/03/2017
No. of Ratings : 0
Add to Mixx!


(MENAFN - AFP) #Egypt on Monday received the second tranche of a 3-billion World Bank loan in support of the government's economic and social agenda, International Cooperation Minister Sahar Nasr said.

In a statement on the ministry's Facebook page, Nasr said the second tranche would contribute to "encouraging private sector investment and supporting growth projects that promote employment".

Cairo received the first tranche of the loan in September 2016.

The minister said the financing was part of a loan of eight billion dollars, "six billio to the government and two billion to support the private sector" for the period 2015-2019.

Since the 2011 revolt that drove president Hosni Mubarak from power, #Egypt has faced a serious foreign exchange shortage, as political instability puts off tourists and foreign investors.

In November, the International Monetary Fund approved a 12-billion loan to Egypt, conditional on its adoption of ambitious economic reforms including reducing state subsidies on energy.

MENAFN2103201701430000ID1095331096


 


AFP




  MENA News Headlines
 Apr 27 2017 - Afghan, Iraq Troops a 'Long-Term' Pledge: TurnbullDaily Outlook Afghanistan
(MENAFN - Daily Outlook Afghanistan) KABUL - Australian soldiers will remain in Iraq and Afghanistan for a long time, Prime Minister Malcolm Turnbull has said during a secret visit to the Middle ...

 Apr 27 2017 - Jordan- Interior minister discusses with British official security cooperationJordan News Agency
(MENAFN - Jordan News Agency) Amman, April 27 (Petra)--Interior Minister Ghalib Al Zu'bi on Thursday, discussed with London Metropolitan Police's acting deputy commissioner Police Mark Rowley, scopes ...

 Apr 27 2017 - Jordan- King congratulates Sierra Leone, Togo on national daysJordan News Agency
(MENAFN - Jordan News Agency) For newspapers........ Amman, April 27 (Petra)--His Majesty King Abdullah II, on Thursday, sent cables of congratulations to President of Sierra Leone Ernest Bai Koroma ...

 Apr 27 2017 - Jordan- State minister for media affairs meets IINA directorJordan News Agency
(MENAFN - Jordan News Agency) Amman, April 27 (Petra)--State Minister for Media Affairs and Government Spokesperson Mohammad Momani received on Thursday, Director General of the International Islamic ...

 Apr 27 2017 - Jordan- Spring, warm weather forecast over weekendJordan News Agency
(MENAFN - Jordan News Agency) Amman, April 27 (Petra)-- Warm and spring conditions are forecast to prevail Thursday in most parts of the Kingdom, while it will be relatively hot in the Dead Sea and ...

 Apr 27 2017 - Jordan- Huge blasts rocks Damascus airport, thought to be Israeli strikesJordan News Agency
(MENAFN - Jordan News Agency) Amman, April 27 (Petra) --Several large explosions early Thursday have reportedly hit the vicinity of Damascus airport. According to Sputniknews, Israeli war planes ...

 Apr 27 2017 - Kuwait's Interior, Foreign and Defense Ministers depart to RiyadhKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) KUWAIT, April 27 (KUNA) -- First Deputy Prime Minister and Foreign Minister Sheikh Sabah Al-Khaled Al-Hamad Al-Sabah, Deputy Prime Minister and Defense Minister ...

 Apr 27 2017 - Kuwait- Two police shot while arresting suspected extremist on Reunion IslandKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) PARIS, April 27 (KUNA) -- Two French police officers were shot and wounded Thursday during an operation to arrest a radical extremist suspected of terrorist ...

 Apr 27 2017 - Kuwait divers take part in Int'l conf. on marine lifeKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) KUWAIT, April 27 (KUNA) -- Kuwait Dive Team (KDT), affiliated with the Environmental Voluntary Foundation (EVF), has taken part in an educational conference on ...

 Apr 27 2017 - OPEC, non-OPEC most likely to extend output cut for 6 months moreKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) VIENNA, April 27 (KUNA) -- The OPEC and non-OPEC producers of the 'Declaration of Cooperation' to cut oil production will meet in Vienna on May 25 and are most ...

more...


 





Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Search News
Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help