Parliament ratifies Egyptian-Japanese development policy loan agreement

Reuters Images/Atef Hussein

The loan aims to back the North African country’s Universal Health Insurance System

Staff Writer, Arab Finance

June 22, 2023

PHOTO

House of Representatives has endorsed the exchanged letters between Egypt and Japan, represented by the Japan International Cooperation Agency (JICA), on a low-interest official development assistance (ODA) agreement signed earlier this year, according to a statement on June 21st.

The loan aims to back the North African country’s Universal Health Insurance System.

On March 28th, Ministry of Finance announced the signing of a JPY 44 million ($336 million) official development assistance (ODA) agreement with JICA to support Egypt's Universal Health Insurance System.

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