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Wednesday, 9 June 2021

So close you can taste the money…

We’re a bit closer to landing a USD 400 mn World Bank loan to help support the rollout of the Sisi administration’s national health ins. system after the House Health Committee approved the agreement yesterday, Youm7 reports. The funding will be provided by the bank’s lending arm, the International Bank for Reconstruction and Development, and will help subsidize ins. costs for people unable to afford it as well as to fund infrastructure.

SME loan given final approval: This came on the same day that parliament approved a USD 50 mn loan from the Arab Fund for Economic and Social Development to finance SMEs. The loan was greenlit by the cabinet last March.

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