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).

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.

Sisi affirms Egypt’s commitment to success of GERD ongoing talks

Sun, 23 Feb 2020 - 03:34 GMT

President Sisi met on Saturday with Hailemariam Desalegn, the special envoy of Prime Minister Abiy Ahmed.

Egypt’s FM expects ‘final and fair’ deal on GERD

Sat, 15 Feb 2020 - 10:04 GMT

Following the final round of the meetings between the countries and the US and the WB representatives in Washington D.C.on February 12-13, 2020, the participants issued a communique saying that the negotiations achieved a concrete development and a final

Sisi prioritizes development of Upper Egypt governorates: min.

Tue, 11 Feb 2020 - 02:02 GMT

The program is partially funded by the World Bank (WB) with a sum of dollars 500 million alongside a dollar 457 million contribution by the government.

Abiy Ahmed: Egypt, Ethiopia, Sudan close to solutions to GERD issues

Mon, 03 Feb 2020 - 06:36 GMT

Ahmed added that his country will never sign an agreement that harms his country’s national interests or any Nile downstream countries.

Egypt urges WB, IMF to support regional integrity in Africa

Fri, 18 Oct 2019 - 02:15 GMT

Addressing the Intergovernmental Group of 24 on International Monetary Affairs and Development in Washington, Nasr called on the WB and International Monetary Fund to expand investments in the region.

PM meets with WB mission on assessing business performance

Tue, 23 Jul 2019 - 10:02 GMT

Madbouli on Tuesday met with a mission of the World Bank to assess the business performance in Egypt.

Foreign Policy Magazine becomes Muslim Brotherhood platform, disregards World Bank report about Egypt economy

Sat, 08 Jun 2019 - 01:55 GMT

Foreign Policy Published an article for a senior Muslim Brotherhood member,in which he argued that the Egyptian economy is collapsing. Most of the international reports indicated the contrary.

IFC willing to expand activities in Egypt

Fri, 12 Apr 2019 - 10:14 GMT

Nasr underscored the IFC's great role in supporting several mega projects in Egypt, noting that the corporation's investments in Egypt hit a record high in 2017-2018 fiscal year after reaching $1.2 billion.

WB dedicates dlrs 200 mn to support entrepreneurship in Egypt: Nasr

Thu, 11 Apr 2019 - 09:58 GMT

It has been widely proven that companies run by women are one of the fastest growing small sized companies, she added.

World Bank urges new Lebanese govt to reform power sector

Fri, 01 Feb 2019 - 02:03 GMT

Lebanon has suffered years of low growth and has one of the world's biggest public debts compared to the size of its economy.

WB forecasts Egypt's economic growth at 5.7% in 2019

Wed, 09 Jan 2019 - 09:49 GMT

Policy reforms have contributed to an upgrade of its sovereign rating in August 2018. Fiscal adjustments in Egypt have also been steadily progressing, the report added.

WB to launch report on Egypt investment on Tuesday

Thu, 06 Dec 2018 - 12:32 GMT

The report will present a roadmap to attract private investments to the sectors of energy, transport, water and agriculture, the WB said in a statement on Thursday.

World Bank expects Egypt to achieve growth of 5.6% in 2018/19

Wed, 03 Oct 2018 - 01:01 GMT

WB also added that if the business environment reforms are effectively implemented, public investment will grow and private investment will recover.

IMF: Egypt overcame most difficult stage of economic reform

Sun, 05 Aug 2018 - 09:47 GMT

He also thanked the government for such reform measures.

Annual meetings of African Caucus for WB, IMF kick off

Sun, 05 Aug 2018 - 09:44 GMT

The two-day meetings, organized by the Ministry of Investment and International Cooperation and the Ministry of Finance in collaboration with the Central Bank of Egypt.

Egypt’s economy to grow by 4.5% in FY 2017/18: WB

Wed, 10 Jan 2018 - 12:54 GMT

Egypt’s economic growth will be boosted by ongoing reforms and improved business climate, the World Bank predicted in a Wednesday report.

Egypt to receive $1.5B from WB within 48 hours: official source

Tue, 05 Dec 2017 - 09:01 GMT

Egypt will receive within 48 hours the last $1.5 billion tranche of the World Bank (WB) development loan.

CBE chief heads for Washington for IMF, WB meetings

Sun, 08 Oct 2017 - 10:10 GMT

Governor of the Central Bank of Egypt Tarek Amer traveled Sunday for Washington on a three-day visit.