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World Bank to grant Egypt $400M loan for health insurance system

World Bank to grant Egypt $400M loan for health insurance system

ArabFinance: The Parliament’s Health Committee approved the World Bank’s (WB) $400 million loan to help support the rollout of the comprehensive health insurance system, Youm 7 reported.

The funding will be provided by the bank’s lending arm, the International Bank for Reconstruction and Development (IBRD).

The loan will help subsidize insurance costs for people unable to afford it as well as to fund infrastructure.

In November 2019, Egyptian President Abdel-Fattah el Sisi launched the comprehensive social health insurance system across Egypt.

The average contribution per treatment per person is being raised from EGP 180 at present to at least EGP 2,000 under the new system, which guarantees a higher quality of medical services.

 

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