Marketing-Börse PLUS - Fachbeiträge zu Marketing und Digitalisierung
print logo

Egypt requests new $ 300m World Bank loan for health sector

Egypt will receive loan in May and loan repayment period will be between 25-30 years, says Kouchouk.
22.04.15 | Source: Daily News Egypt

The Egyptian government is negotiating with the World Bank to receive a new loan of $300m to support health care in government hospitals. This is set to occur through the provision of medical equipment and the removal of deficient drugs from government hospitals.

The Ministry of Health and various health departments across Egypt conducted a comprehensive survey of government hospitals to determine the medical equipment and drugs not available. This will then affect how the loan is spent.

Senior World Bank Economist‏ Ahmed Kouchouk said loan negotiations are ongoing to determine payments, and the bank will have the technical supervision of the project’s implementation.

FREE NEWSLETTER