World Bank

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.

World Bank approves $7B for Egypt's new Country Partnership Framework

Wed, 22 Mar 2023 - 02:37 GMT

That is in addition to $2 billion for the private sector from the IFC as well as guarantees from the Multilateral Investment Guarantee Agency (MIGA).

WB announces $9.13M grant to expand scope of Egypt’s Greater Cairo air pollution management project

Wed, 01 Mar 2023 - 01:12 GMT

“This grant will reinforce the environmental benefits of the original project, both at the local and global levels, by improving the management of electronic and healthcare waste,” the WB said in a statement.

Egypt, World Bank discuss 2023/2027 country partnership framework, private sector engagement

Sun, 29 Jan 2023 - 04:16 GMT

Minister of International Cooperation Meets the WBG Regional Director for Equitable Growth, Finance and Institutions to Discuss 2023-2027 Country Partnership Framework (CPF) & Private Sector Engagement

World Bank: Egypt's economic reforms helpful in overcoming int'l crisis

Mon, 09 Jan 2023 - 10:27 GMT

The World Bank stressed that the economic reforms carried out by Egypt will help overcome the effects of the current international crisis.

President Sisi meets Jake Sullivan U.S. National Security Advisor

Fri, 16 Dec 2022 - 06:38 GMT

Egypt’s President Abdel Fattah Al Sisi met on Friday with Jake Sullivan National Security Advisor of the United States in Washington

Sisi meets with World Bank President David Malpass in Washington

Fri, 16 Dec 2022 - 04:20 GMT

Egypt’s President Abdel Fattah Al Sisi met on Friday with David Malpass President of the World Bank in Washington on sidelines of the US-African summit.

Egypt, World Bank discuss launch of country strategy 2023/2027

Sun, 06 Nov 2022 - 06:08 GMT

Mashat noted that the government receives final notes on the draft strategy from national bodies and ministries to be announced after the UN climate conference, COP27, a matter which represents a new chapter in Egypt-WB relations.

Egypt approves development financing agreements worth $595M with World Bank, FDA, Spain

Wed, 19 Oct 2022 - 06:17 GMT

The approval came within the framework of development cooperation efforts between the Arab Republic of Egypt and multilateral and bilateral development partners to support the country’s development efforts In various fields.