Loan Games..

Egypt: World Bank To Offer $2 Billion In Loans, Grants

August 12, 2011 0208 GMT

Egypt will receive $2 billion in grants and loans from the World Bank, Almasry Alyoum reported Aug. 12. A $247 million grant will help employees of the Ministry for Planning and International Cooperation deal with international and regional organizations and financial institutions. A $330 million loan will go toward the railway line between Beni Suef and Assiut, while a $100 million loan will help modernize an irrigation system in the New Valley region. A $600 million loan will finance the North Giza power station while $219 million of loans will connect a wind energy station to the power grid. The ministry will further negotiate a $400 million loan for the North Giza station, and a $585 million loan for the South Helwan power station.
http://www.stratfor.com/sitrep/20110811-egypt-world-bank-offer-2-billion-loans-grants

ONLY the "Grant" of $247 millions will be released, as fatal requirement for financial institutions to obtain the needed compliances and regulatory on the other "Loans.."
Grants require no creditors, while Loans are to be granted the payback..
Usually; people do not understand the difference, while such press release is a political PR, in favor of one or more agency..!
Nevertheless, the Grant will come with set of conditions which will allocate most of it for international and lobbying consultants and peers..
This is a typical example of WB, IMF and EU lawful practices.. Money is too valuable to be foolishly given to the "uncreditable" underdeveloped immature..
Bottom line: a great Toy for the decision makers, a Fool for the commons and Nothing for me & you..!!