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#house of representatives

The Egyptian House of Representatives ratified a JPY 44 billion (USD 308 million, EGP 9.5 billion) loan agreement with the Japanese International Cooperation Agency (JICA) on 21 June to help fund Egypt’s universal health insurance program. The loan will complete its disbursement by July 2024 and be repaid over 15 years at 0.01 percent interest. The agreement was signed on 27 March by Minister of Finance Mohamed Maait. “Egypt has been working to introduce the Universal Health Insurance System since…