World Bank

Memory of the day

Sun, 27 Dec 2020 - 01:13 GMT

On December 27, many important events took place that changed the world, including the completion of the construction of the Hagia Sophia Cathedral and the signing of the agreement to build the Aswan High Dam.

Egypt's pres. ratifies $500M social housing loan offered by World Bank

Thu, 17 Dec 2020 - 01:28 GMT

The agreement was signed on July 5, 2020, and approved by the House of Representatives.

Egypt, World Bank discuss cooperation

Wed, 25 Nov 2020 - 01:19 GMT

Gamea said that Egypt achieved progress in the field of economic reform which helped boost the status of the Egyptian economy on the international economic map.

Cabinet's IDSC comments on World Bank's Egypt Economic Monitor report

Wed, 18 Nov 2020 - 02:45 GMT

The Cabinet's Information and Decision Support Center (IDSC) published a video commenting on Egypt Economic Monitor report recently issued by the World Bank, monitoring the country’s economic performance over the past years and until 2020.

Egypt after COVID: Redesigning economic transformation in need

Sat, 14 Nov 2020 - 12:23 GMT

With the COVID-19 pandemic causing the most severe global health and economic crisis in at least seven decades, Egypt has been one of the countries whose approach to contain the pandemic and maintain a resilient economy has been singled out on a global level.

Egypt's International Cooperation Ministry, World Bank release new economic report: 'from crisis to economic transformation'

Tue, 10 Nov 2020 - 06:07 GMT

𝘔𝘪𝘯𝘪𝘴𝘵𝘳𝘺 𝘰𝘧 𝘐𝘯𝘵𝘦𝘳𝘯𝘢𝘵𝘪𝘰𝘯𝘢𝘭 𝘊𝘰𝘰𝘱𝘦𝘳𝘢𝘵𝘪𝘰𝘯 𝘢𝘯𝘥 𝘵𝘩𝘦 𝘞𝘰𝘳𝘭𝘥 𝘉𝘢𝘯𝘬 𝘎𝘳𝘰𝘶𝘱 𝘳𝘦𝘭𝘦𝘢𝘴𝘦 𝘢 𝘯𝘦𝘸 𝘌𝘤𝘰𝘯𝘰𝘮𝘪𝘤 𝘳𝘦𝘱𝘰𝘳𝘵 𝘵𝘪𝘵𝘭𝘦𝘥: ‘𝘌𝘤𝘰𝘯𝘰𝘮𝘪𝘤 𝘔𝘰𝘯𝘪𝘵𝘰𝘳 𝘙𝘦𝘱𝘰𝘳𝘵: 𝘍𝘳𝘰𝘮 𝘊𝘳𝘪𝘴𝘪𝘴 𝘵𝘰 𝘌𝘤𝘰𝘯𝘰𝘮𝘪𝘤 𝘛𝘳𝘢𝘯𝘴𝘧𝘰𝘳𝘮𝘢𝘵𝘪𝘰𝘯’.

World Bank announces five-year partnership strategy with Egypt

Tue, 10 Nov 2020 - 04:50 GMT

Weiss was delivering a speech during the International Cooperation Ministry's event on the occasion of releasing a report titled " Economic Monitor Report: From Crisis to Economic Transformation, Unleashing Egypt's Potentials in Productivity and Job Creation."

Economic reforms helped Egypt's to confront COVID-19 shock: World Bank

Tue, 10 Nov 2020 - 04:38 GMT

The report added that average real growth has remained positive during FY2019/20 and foreign reserves continue to be rather ample.

World Bank: Remittance inflows to Egypt continue increasing despite global decline

Fri, 30 Oct 2020 - 12:02 GMT

The World Bank expected Thursday that the remittances of the Egyptians, working abroad, would hit 24.4 billion dollars by the end of 2020, or 6.7 percent of GDP, despite the ramifications of the global outbreak of coronavirus.

Egypt to record growth rate of 3.5% during 20/21

Mon, 19 Oct 2020 - 05:09 GMT

It also anticipated the Egyptian economy to hit a growth rate of 5.8 percent in 2022/2023, which matches the International Monetary Fund (IMF).

Minister displays Egypt's economic performance during COVID-19 crisis in IMF, WBG meetings

Sun, 18 Oct 2020 - 12:59 GMT

In one of the 2020 Annual Meetings of the International Monetary Fund and the World Bank Group, Minister of Finance Mohamed Mait displayed figures on the performance of the Egyptian economy during the COVID-19 crisis and plans for the future.

World Bank hails Egypt's economic reforms in 2019

Tue, 13 Oct 2020 - 03:21 GMT

"Egypt was a bright spot. FDI inflows rose 11 percent to $9 billion in response to economic reforms that improved macroeconomic stability and bolstered investor confidence."

Al-Mashat: Investment in Human Capital Is Integral to Egypt’s Sustainable Development

Sat, 10 Oct 2020 - 02:08 GMT

Al-Mashat, represented Egypt in the Human Capital Project Ministerial Conclave: “Investing In Human Capital In The Time of Covid-19.”

Egypt's Int'l Cooperation Minister emphasizes structural reforms for economic resilience in World Bank meeting

Sat, 03 Oct 2020 - 03:41 GMT

Minister of International Cooperation, Dr. Rania Al-Mashat, participated in a virtual session organized by the World Bank Group, where she referred to the importance of structural reforms and how it helped in achieving an economic recovery that is flexible and sustainable that enabled it to absorb the shocks of the COVID-19 pandemic.

World Bank approves $200m project to reduce air and climate pollution in Egypt

Thu, 01 Oct 2020 - 10:54 GMT

The project will focus on reducing vehicle emissions, improving the management of solid waste, and strengthening the air and climate decision-making system.

Egypt, WB discuss project to manage air pollution in Greater Cairo

Sun, 19 Jul 2020 - 11:55 GMT

The meeting, which was held via video conference, was also attended by the ministers of international cooperation and environment.

WB provides cash assistance to poor, vulnerable households in Jordan

Fri, 26 Jun 2020 - 11:19 GMT

Informal workers are being particularly impacted and have no access to formal social protection schemes.

Declaration of Principles on Renaissance Dam is 'exclusive agreement' binding Egypt, Ethiopia, Sudan together: intl. law expert

Tue, 23 Jun 2020 - 08:50 GMT

Each state must respect the sanctity of international treaties affirmed in Vienna Convention on the Law of Treaties signed in 1969, the professor of general international law stipulates.

Statement of Int'l Coop. Ministry on World Bank's $400M fund to Egypt

Wed, 17 Jun 2020 - 03:25 GMT

Minister of International Cooperation announced Wednesday the approval of the World Bank's Board of Executive Directors to provide Egypt with $400 million.

World Bank offers Egypt $400M to fund new health insurance system

Wed, 17 Jun 2020 - 02:25 GMT

This is part of the emergency response project to address coronavirus pandemic; to support the Egyptian government’s efforts to implement the universal health insurance system.