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Monday, 22 June 2020

Egypt receives first installment of USD 500 mn World Bank facility

The World Bank has disbursed the first USD 325 mn tranche of a USD 500 mn facility to subsidize the Takaful and Karama cash subsidy programs, Social Solidarity Minister Nivine El Kabbag tells Al Mal. The remaining USD 175 mn is expected to land in Egypt within days, according to El Kabbag.

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