World Bank

World Bank to provide over $6B in support to Egypt over next 3 years

Mon, 18 Mar 2024 - 02:37 GMT

This support includes $3 billion for financial backing to Government’s programs and $3 billion for the private sector (including mobilization) – subject to Board approval.

No intention to issue bonds till end of current fiscal year: Finance Minister

Sun, 10 Mar 2024 - 04:46 GMT

Maait also stated that Egypt will obtain new $3 billion from the World Bank during the coming period pointing out that this amount is part of a total package worth $20 billion from several international partners

FULL COVERAGE | IMF Agreement Marks Milestone for Egypt's Economic Revitalization

Wed, 06 Mar 2024 - 07:37 GMT

Prime Minister Madbouly emphasized that the private sector creates more job opportunities and encourages investment in the Egyptian economy.

World Bank investments in Egypt amounts to $26B across 175 projects

Mon, 12 Feb 2024 - 11:29 GMT

Over the years, the bank has financed 175 projects in various sectors, such as infrastructure, human capital, and public sector reforms

Egypt's GDP Growth forecast revised to 3.5% for FY23/24: World Bank

Wed, 10 Jan 2024 - 12:33 GMT

This marks a revision from the bank's previous forecast of 4 percent for the same period.

Evaluating Egypt’s economic growth potential through the eyes of International Institutions

Sun, 31 Dec 2023 - 07:11 GMT

From Fitch Solutions’ most optimistic view of Egypt’s growth to the lowered expectations of the IIF, a diverse range of forecasts paints a complex picture of the country’s potential growth in the coming year as the country faces numerous external geopolitical and economic shocks.

Egypt received 15% less remittances annually in 2023, World Bank

Thu, 21 Dec 2023 - 11:32 GMT

The WB’s report highlighted that the MENA region’s remittances are projected to fall by 5.3% to approximately $61 billion in 2023, following a 4.5% drop in 2022

Egypt and World Bank partner to advance climate-smart agriculture in country

Mon, 11 Dec 2023 - 01:20 GMT

The new initiative seeks to develop innovative digital applications tailored to serve Egypt's agricultural sector and extend its impact on regional activities, particularly in Africa

Egypt’s competitive neutrality strategy recognized in WB’s Competition Advocacy Contest

Wed, 15 Nov 2023 - 05:51 GMT

In collaboration with the International Competition Network (ICN), the WB’s Competition Advocacy Contest highlighted Egypt’s commitment to fostering equal opportunities in the market

Egypt signs 7 development grant agreements with Italy, UN with total cost of $34 M

Fri, 06 Oct 2023 - 05:12 GMT

Egypt’s Minister of International Cooperation Rania Al-Mashat witnessed signing of 7 development grant agreements funded by the Italian government and implemented by United Nations organizations

Egypt, World Bank forge deeper partnership to drive sustainable development

Fri, 29 Sep 2023 - 11:34 GMT

Egypt and World Bank join forces in a collaborative workshop to boost ongoing development projects and align strategies with Egypt's new national vision.

President Sisi approves $400M loan from World Bank for logistics project

Thu, 21 Sep 2023 - 02:35 GMT

According to the terms of the agreement, this amount can be converted into other currencies as needed to support the project's financing.

Mashat, new WB regional director talk partnerships, developing cooperation with Egypt

Thu, 31 Aug 2023 - 03:15 GMT

Dr. Rania Al-Mashat, Minister of International Cooperation and Governor of Egypt at the World Bank Group, met with Stephen Gumpert, the new World Bank Regional Director for Egypt, Yemen, and Djibouti, who assumed his position at the beginning of mid-August, succeeding the previous Regional Director, Marina Wess.

Egypt advances towards financial decentralization: Experts discuss policy paper

Mon, 19 Jun 2023 - 08:31 GMT

Egypt takes significant strides towards financial decentralization and local governance development.

Egypt, World Bank emphasize strong relations during launch of partnership framework.

Mon, 08 May 2023 - 05:04 GMT

Al-Mashat thanked the World Bank team for their efforts over the past period in preparing the partnership in cooperation with the ministry.

Egypt's planning minister discusses with World Bank delegation future cooperation plan

Mon, 08 May 2023 - 04:52 GMT

They discussed the possible support to the Egyptian government in light of the new country cooperation 2023-2027, and the priorities of the government.

Q&A on development cooperation relations bet. Egypt, World Bank

Mon, 08 May 2023 - 04:22 GMT

A Q&A reviews the most important aspects of the relationship with the WBG and its affiliated institutions.

World Bank contributes to financing more than 175 projects in Egypt worth about $25B

Mon, 08 May 2023 - 03:49 GMT

The Minister pointed out that the joint relations are not limited only to development cooperation, but that Egyptian expertise has also enriched the Bank's work.

2023-2027 Country Partnership Framework bet. Egypt, World Bank endorsed Sunday

Mon, 08 May 2023 - 03:43 GMT

The new CPF was prepared through joint work and continuous discussions with all relevant parties from the national authorities as well as the private sector.

World Bank expects Egypt's GDP to grow 4% in 2023, 2024

Thu, 06 Apr 2023 - 03:51 GMT

The World Bank elaborated that Egypt's forecast reflects the expectation that its competitiveness might be increased due to the recent depreciation of the Egyptian pound.

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