WB offers USD500mn to support cash subsidy programmes
The World Bank (WB) offered the Ministry of Social Solidarity a loan worth USD500mn to support the Karama and Takaful cash support programmes, Minister Ghada Waly told Al Mal. Waly added that the Ministry has not yet decided on whether to accept the loan or not as it falls under the responsibility of the Ministry of Finance and the Cabinet. The Minister said the WB offer came after the international financial institution has monitored the success of the government’s cash support programmes.
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