News

Egypt Secures $75 Million World Bank Loan for Health Sector

Egypt Secures $75 Million World Bank Loan for Health Sector

7924935046_1733c75021_o

Egypt’s Minister of International Cooperation Sahar Nasr has said that a recently approved USD 75 million loan from the World Bank will be invested in Egypt’s ailing health sector, independent media Al-Mal reported.

Speaking to local press during a visit to a pharmaceutical factory, Nasr said the loan had been frozen for seven years but was recently greenlit.

According to Nasr, the funds will be directed to new healthcare programs and hospitals, adding that there are also negotiations underway with several countries including the United Arab Emirates regarding loans for the health sector in Egypt.

Amwal Al-Ghad also reported that several projects in the health sector have been on hold due to the slow pace of government action but Nasr succeeded in cooperating with officials from the Ministry of Health to ensure the resumption of these projects.

Egypt’s public healthcare sector has received widespread attention for its subpar conditions.

Earlier this year, a social media campaign directed the spotlight at the condition of several public healthcare facilities around Egypt, after then-Prime Minister Ibrahim Mehleb visited two government-run hospitals and expressed his concern regarding their conditions.

Pictures sent in from across Egypt showed the extremely unsanitary condition of the hospitals from worn out beds, cracked walls and ceilings, filthy toilets, in addition to a variety of creatures which seem to coexist with the patients, such as cats, dogs, goats and even snakes.

According to 2013 statistics from the World Health Organization, health expenditure accounts for 5.1 percent of Egypt’s gross domestic product (GDP). However, Egypt’s Minister of Finance said the government aims to increase spending on healthcare services in the 2016/2017 fiscal year.

International Diplomats Agree on Libyan National Unity Deal at Rome Summit
Egyptian FGM Doctor Who 'Killed' 13-Year-Old Girl is 'Free' Despite Being Convicted

Subscribe to our newsletter


News

More in News

11 Sentenced to Death for Port Said Massacre, Celebrations Held

Aya NaderFebruary 20, 2017

ISIS Releases Video Threatening Egypt’s Christians, Showing Church Bomber

Toqa EzzidinFebruary 20, 2017

Rockets Fired from Egypt’s Sinai at Israel for Second Time This Month

Egyptian StreetsFebruary 20, 2017

Top Oil Companies Plan to Invest in Egypt More Than Anywhere in the World

Egyptian StreetsFebruary 19, 2017

The Egyptian ‘Blind Sheikh’, Linked to 1993 New York Attack, Dies in U.S. Prison

Toqa EzzidinFebruary 19, 2017

Three Egyptian Soldiers Killed During Central Sinai Raids on Terrorist Hideouts

Egyptian StreetsFebruary 18, 2017

Russian Government Approves Egyptian-Russian Aviation Security Protocol

Toqa EzzidinFebruary 18, 2017

Egypt’s Cotton Exports Increase by 63.9%

Aswat MasriyaFebruary 17, 2017
Egyptian Streets is an independent, young, and grass roots news media organization aimed at providing readers with an alternate depiction of events that occur on Egyptian and Middle Eastern streets, and to establish an engaging social platform for readers to discover and discuss the various issues that impact the region.

© 2017 ES Media UG. All Rights Reserved.