World Bank cites reduced Suez Canal traffic and tourism for 2.8% growth forecast for FY2023/2024

Wed, 12 Jun 2024 - 11:58 GMT

For the coming fiscal year, the WB affirmed its previous forecast, predicting a 4.2 percent growth rate for FY2024/2025, while estimating a slight bump for FY2025/2026 to 4.6 percent

Environment min., WB mission discuss developing environmental curricula in universities

Sat, 18 May 2024 - 12:48 GMT

This came within the framework of the meetings of the WB’s mission to review the project.

Egypt's WB Group composite index up 27.5 points - Planning ministry

Mon, 03 Oct 2022 - 04:55 GMT

Planning and Economic Development Minister Hala el Saeed said in statements Monday that the global governance indicators measure the quality of governance for more than 200 countries.

Gas deal between Egypt, Lebanon stalled because of WB new terms: Minister

Mon, 19 Sep 2022 - 10:06 GMT

He added that the World Bank has set a ten-term condition, the most prominent of which is increasing the tariff price. He noted that Lebanon already has formulated how the new tariff will cover the expenses.

CBE's Tarek Amer to chair October meeting of WB, IMF

Thu, 26 May 2022 - 04:37 GMT

Amer will address the opening meeting as well as the presidents of the WB and IMF.

WB approves US$360 M loan to support Egypt’s Inclusive & Sustainable Economic Growth

Thu, 28 Oct 2021 - 09:28 GMT

The newly approved “Egypt Inclusive Growth for Sustainable Recovery” operation builds on this by supporting a second wave of structural reforms focused on creating jobs and providing an inclusive enabling environment for the private sector laying the basis for a sustainable recovery.

World Bank: Egypt’s hosting of the UN COP 27 strengthens the country’s regional leadership in achieving green transition

Sun, 17 Oct 2021 - 12:43 GMT

The World Bank’s officials affirm the bank’s keenness on supporting Egypt’s efforts in the health sectors and applaud the structural reforms that the government implements.

Egypt's State Council supports WB projects for Iraq, Kurdistan Shura Council

Fri, 19 Mar 2021 - 08:46 GMT

Egypt’s State Council received a request from World Bank officials in Washington to provide technical support for the bank’s ongoing projects for Iraq's State Council and Shura Council of Kurdistan Region.

World Bank supports first COVID-19 vaccine rollout in Lebanon

Thu, 21 Jan 2021 - 12:29 GMT

The financing will provide vaccines for over 2 million individuals. The vaccines are expected to arrive in Lebanon by early February 2021.

Improvement of air quality project reflects national efforts to protect environment - Min.

Fri, 02 Oct 2020 - 09:19 GMT

The Ministry of Environment had exerted great efforts to prepare this project after directives from the political leadership in order to develop the environment sector in Egypt.

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.


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