Latest in Tag: WB Highlight
Latest in Tag: WB

WB announces $500m in financing to expand and strengthen Egypt’s flagship social protection programme
The new financing marks a third phase of collaboration between the WB and the Egyptian government to support the establishment of an efficient and effective cash transfer programme and to introduce beneficiaries to interventions that generate sustainable incomes and help people get out of poverty

Egypt’s Irrigation Minister, WB delegate discuss cooperation in modern irrigation projectsÂ
Cooperation between the two sides includes the expansion of reliance on modern irrigation studies in Egypt

International Cooperation, Supply Minister, WB discuss agreement to enhance food security
The agreement was approved last June to enhance Egypt’s efforts to achieve food security

WB approves $500m-loan to improve resilience of Egypt’s agriculture sector
After a period of extensive dialogue and coordination between Egypt’s ministries and World Bank officials, the WB approved a loan for the establishment of the Emergency Food Security and Resilience Support Project, which aims to reduce the global impact of the conflict in Ukraine on food and nutrition security in Egypt.

Egypt, WB discuss preparations for strategic partnership framework for 2023-2027
We are working on developing a new strategy with the World Bank to support inclusive and sustainable growth and enhance efforts to transition to a green economy and the participation of the private sector: International Cooperation Minister

Egypt’s Environment Minister discusses cooperation with WB delegationÂ
The meeting discussed the preparation of the Country Development and Climate ReportÂ

Egypt’s Water Minister, WB expert discuss modern irrigation systems
Egypt will have a major role in integrating water and climate issues at the global level: WB official

Egypt’s Irrigation Minister, WB experts discuss cooperation in modern irrigation systems
The delegation praised the water management system in Egypt, which is currently being modernised

Egypt’s Environment Minister discusses cooperation with WB delegation in CairoÂ
Fouad pointed to the state’s efforts towards integrating environmental sustainability in all sectors

Planning Minister, WB discuss Upper Egypt development programme updates
Egypt prioritises support for employees who are at high risk due to COVID-19, says El-Said

Parliament approves $1.74m WB grant for project investment environment improvements
Approval also given to 3 financing agreements with EIB, worth €122.7m, in sanitation, transportation sectors

Remittances to MENA in 2020 to fall 19.6% due to COVID-19: WB
Decline attributed to lower oil prices in GCC, global slowdown, says report

Egypt’s exports, FDI underperformance to be exacerbated by COVID-19: WB
Oil price collapse hurts MENA’s oil industry, says report

Prioritising, protecting healthcare workers is critical: WB
20% of Italy’s healthcare workers contracted coronavirus, says Araujo

WB expands support to Egypt’s housing projects with $500m
Bank’s portfolio comprises 12 projects with a total commitment of $5.9bn

MENA records fastest external debt accumulation, Egypt top borrower: WB
Lebanon, Egypt absorbed 90% of net long-term external debt inflows to MENA, according to World Bank report

Joint mission from WB, EBRD, GI Hub to explore infrastructure opportunities in Egypt
Al-Mashat asserts government’s keenness on partnership with private sector

WB delegation, Trade, Industry min. discuss economic reforms’ priorities
Another WB mission to visit Egypt next week

WB’s board of directors to visit Egypt in January: MIC
Delegation to meet Madbouly, Al-Mashat, other senior officials, says statement

Ministry of Environment, WB address air pollution management in CairoÂ
The project supports the state’s plan for gradual transformation to electric transport

WB convenes governments to share best practice, build expertise in doing business reforms
The Technical Deep Dive allows participants to discuss the methodology and indicators of the Doing Business report, share best practices on identifying bottlenecks to private sector development, and implement relevant reforms.

WB assists Egypt develop its statistical capacities
First national strategy for developing statistics to be launched soon

Al-Sisi discusses upgrading cooperation with WB official
The president discussed mutual cooperation with FAO on sidelines of WYFÂ

Africa is Egypt’s top priority in financial negotiations at IMF, WB’s annual meetings
Meeting wrapped up with high level of Egyptian participation

Egypt, WB agree on boosting infrastructure and digital cooperation
The country is witnessing a quantum leap in to a digitalised society, says Talaat

International financial institutions recommend Egypt to further improve its competition policy
Egypt made nominal efforts to consolidate SOEs, says WB

Nasr participates in the IMF, WB’s 2019 annual meetings
Nasr will take part in a session titled “Jobs and economic transformation in emerging markets” along with five speakers on Friday, according to the IMF website.

Global economy is decelerating: WB
The world’s current $86tn economy is highly vulnerable to geopolitical risks.

UK expands its support to Egypt with ÂŁ13m through WB
Egypt, UK discuss preparations of UK-Africa Investment summit in January 2020, says MIIC

Friendlier business environment required in Egypt: WB
Senior economist at WB calls on government to simplify customs procedures