Cabinet approves measures to get concessional financing from WB to support health insurance system

CAIRO - 29 April 2020: The cabinet, during its weekly meeting under Prime Minister Mostafa Madbouli, approved proceeding with the measures needed to obtain concessional financing from the World Bank (WB) to help support the country’s comprehensive health insurance system.

It comes in light of the bank’s approval on increasing the value of its funding for Egypt to $ 400 million, up from $250 million.

The move is meant to fund the subscriptions of the poor registering in the comprehensive health insurance system and rehabilitate infrastructure in the governorates where the new system will be applied.

The cabinet also approved authorizing the Egyptian Railway Authority to make limited agreements with a number of foreign specialized companies.