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Thursday, 30 April 2020

Egypt to obtain USD 400 mn World Bank loan for universal healthcare

CABINET WATCH- Egypt okays fresh financing from World Bank loan for healthcare: The Madbouly Cabinet agreed in its meeting yesterday to move ahead with a USD 400 mn loan from the World Bank to support the new universal healthcare scheme, according to a statement. The loan, which the bank recently agreed to increase from USD 250 mn, will be used to help the needy afford paying membership fees for the scheme, complete several infrastructure projects in the cities where the scheme will be early implemented, and provide “institutional support” for the new system. The scheme is currently up and running in Port Said, where the new system was piloted in September.

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