Egypt, WB sign 75 mln USD loan agreement on health insurance

10:45, March 09, 2010      

Email | Print | Subscribe | Comments | Forum 

Egypt and the World Bank on Monday signed a 75 million U.S. dollars loan agreement to finance Egypt's health insurance system, state-run Middle East News Agency (MENA) reported.

Egyptian Minister of International Cooperation Fayza Abul-Naga said in a statement sent to reporters that the loan will be reimbursed in 28-year installments with a seven-year grace period. The interest rate will not exceed one percent.

The funding aims to improve the health insurance process and to attain the financial sustainability of the process through setting up an efficient and active health insurance system, the Egyptian minister added.

The Egyptian health insurance development project tackles several aspects, including building a strong database for management and operation purposes as well as developing scientific and management skills. The new project will also cover private insurance subscriptions.

Source: Xinhua
  • Do you have anything to say?


Special Coverage
Major headlines
Editor's Pick
  • Greek PM calls on world to restrict speculative trading
  • Leave Terry alone: Wilkins
  • Turkey lowers quake death toll to 51
  • Liu Xiang heads to world indoor championships
  • Exceptional snowfalls sweep France, Spain
  • Turkey lowers quake death toll to 51
Most Popular
Hot Forum Dicussion