World Bank

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.

World Bank lends Egypt $400 mln to boost health system

Wed, 17 Jun 2020 - 12:15 GMT

The World Bank's Board of Executive Directors on Tuesday approved a USD 400 million project to boost the comprehensive health insurance system in Egypt.

Egypt sticks to US, World Bank-brokered document on Ethiopian Dam: statement

Wed, 10 Jun 2020 - 10:02 GMT

A meeting for irrigation ministers of Egypt, Sudan and Ethiopia on Wednesday has agreed to resume negotiations and reach a final agreement that takes into consideration the mutual interests of the countries involved, as well as international resolutions a

WB approves $50M for Egypt within new Fast Track COVID-19 Facility

Sun, 17 May 2020 - 08:40 GMT

Minister Al-Mashat stated, "increased coordinated action to expedite healthcare spending and pave the way for an inclusive post-COVID economic recovery is a national priority."

Sudan walks right path in GERD crisis, says Egyptian Strategic Studies Center

Fri, 15 May 2020 - 02:54 GMT

Okasha said the Sudanese move brings the matter to its proper path, which relies on cooperation and negotiation.

Egypt discusses private sector role with int’l financial institutions

Thu, 30 Apr 2020 - 01:52 GMT

The meeting was attended by officials from World Bank (WB), IFC, European Investment Bank (EIB), European Bank for Reconstruction and Development (EBRD) and African Development Bank (AfDB).

Egypt’s Cabinet approves number of decrees including WB financing, prisoners' pardoning

Wed, 29 Apr 2020 - 03:44 GMT

Egypt's Cabinet approved, Wednesday, proceeding with the measures needed to obtain concessional financing from the World Bank to help support the country’s health insurance system.

Cabinet approves measures to get concessional financing from WB to support health insurance system

Wed, 29 Apr 2020 - 02:28 GMT

The cabinet also approved authorizing the Egyptian Railway Authority to make limited agreements with a number of foreign specialized companies.

WB: Egypt sees strong economic growth rates

Thu, 23 Apr 2020 - 03:03 GMT

The report showed that Egypt achieved a growth rate of 5.6 percent in the 2018/19 fiscal year, upping from 5.3 percent in the fiscal year 2017/18.