Latest in Tag: World Bank Highlight
Latest in Tag: World Bank
Egypt, World Bank Group discuss developments of social housing financing programme
The meeting also included Robert Bogoda, Director of Operations in the Middle East and North Africa; Mai Abdel Hamid, CEO Social Housing and Mortgage Support Fund; and the World Bank and the Ministry of International Cooperation working teams.
World Bank Group presents new fund for lowering emissions at COP27
“Climate finance needs major new mechanisms that pool funding from the global community to accomplish actual reductions in greenhouse gas emissions across the developing world. SCALE offers a key non-fragmented avenue for the global community to take action on climate change,” said David Malpass, President of the World Bank Group. “The verifiable emission reductions created by SCALE and similar mechanisms will also be an important step toward building effective carbon credit markets.”
Egypt’s LNG production has risen slightly amid higher prices: World Bank
Currency depreciations risk intensifying global food, energy crisis
World Bank offers Egypt $400m to decarbonize logistics, transportation sectors
Egypt’s rail system is one of the most extensive in Africa, with a generally heavier focus on its passenger services, and three freight trains per direction per day in the GCA with the rest dedicated to passenger trains.
Tunisian PM stresses cooperation with World Bank to advance structural reforms
Bouden made the remarks during her meeting with a World Bank delegation led by its Vice President for the Middle East and North Africa Ferid Belhaj, according to a government statement.
World Bank raises its forecast for Egypt’s economic growth by 0.6% for FY2022
The report said that Egypt’s growth slowed in early 2022 following a boom in the first half of the fiscal year. Export revenues in March soared about 80% above pre-pandemic highs.
World Bank lowers global growth forecast to 3.2%
Malpass said that people are facing reversals in development for education, health, and gender equality. They’re facing reduced commercial activity and trade. Also, the debt crises and currency depreciations have a burden that falls heavily on the poor.
Russian invasion to shrink Ukraine economy by 45% this year: World Bank
Emerging economies in Europe, Central Asia also hit hard
Nearly 2.4 billion women globally don’t have same economic rights as men: World Bank
MENA, Sub-Saharan Africa show largest improvements in WBL Index in 2021
International Cooperation Minister, World Bank chart roadmap for climate action, blended finance, and COP 27 preparations in Egypt
he Ministry of International Cooperation is stepping up the role of private sector finance to drive climate action through blended finance: Al-Mashat
Developing countries face growing risks due to coronavirus: World Bank
According to the 2022 World Development Report, rising inflation and interest rate increases pose further challenges to recovery, and developing countries need to focus on creating healthier financial sectors.
Egypt, World Bank discuss ways to achieve sustainable development amid climate change
The minister said that the World Bank is one of the most prominent international financial institutions with which Egypt cooperates in facing climate change with the aim of developing policies pursued by the state to overcome the climate change crisis and provide the necessary financial support for sustainable development projects.
World Bank hails development in transportation sector
The delegation also reviewed a project to modernise signalling systems on the Cairo-Alexandria line funded by the World Bank.
World Bank launches Egyptian Economic Monitor for 2021, highlighting digital transformation
Marina Weiss, Regional Director of the World Bank for Egypt, Yemen and Djibouti; Nader Mohamed, Regional Director for Equitable Growth, Finance, and Institutions in the Middle East and North Africa region (MENA); and several officials from the two ministries and the World Bank, also participated in the event.
World Bank is committed to creating spaces for exchanging ideaswith youth: Malpass
World risks losing $70trn in global GDP due to school closures amid COVID-19 pandemic
Egypt, World Bank discuss extending Country Partnership Framework
The team comprises Marina Wes, Country Director for Egypt, Yemen, and Djibouti; Mark Eugene Ahern, World Bank’s Lead Country Economist, and Mohamed Hisham El-Shiaty, Senior Private Sector Specialist.
Egypt’s Petroleum Minister, World Bank discuss measures to export gas to Lebanon
The meetings also tackled the work programmes of the East Mediterranean Gas Forum, the global efforts to transform to clean energy and reduce emissions, and the national projects to deliver gas to homes, and local digital transformation projects.
Egypt’s Planning Minister, World Bank delegation discuss future cooperation plans
WB’s Merza Hussain praised Egyptian state approach in dealing with coronavirus pandemic, managing to achieve economic recovery
Egypt, World Bank discuss joint projects under Vision 2030
Egypt’s hosting of COP27 strengthens its regional leadership in green transition: World Bank
Egypt, World Bank discuss cooperation in confronting climate change
Egypt’s Minister of Environment highlights national studies, strategies on effects of climate change
World Bank finances development of 6 industrial zones in Qena, Sohag with $500m
Egypt to establish SMEs complex in Qena, says Trade and Industry Minister
1 child orphaned every 12 seconds due to COVID-19-associated death: World Bank
The world has been closely tracking the death toll related to the virus, with official mortality counts now reaching over 4 million people, largely concentrated among adults. The children left behind have been practically invisible, the World Bank has said.
Egypt, World Bank discuss future cooperation under development policies financing framework
Development financing agreements signed in 2020 with World Bank across different sectors amounted to $1.5bn, says Minister Rania Al-Mashat
Global economy to expand 5.6% in 2021: World Bank
Economic activity in MENA region is forecast to advance by 2.4% in 2021, 3.5% next year
Egyptian economy likely to record 2.3% growth in FY 2020/21: World Bank
The report said that the country is projected to see further growth rise to 4.5% in FY 2021/22, down from 5.8% in the previous forecast in January 2021 with a decrease of 1.3%.
Egypt, World Bank discuss strengthening private sector partnerships
MIGA provides coverage for $500m worth of investments in local market during past few years
Global recovery tied to sustainability, resilience, inclusivity: IMF, World Bank Meetings
Key ingredients to foster culture of innovation are through people, processes, technology: Egypt’s Al-Mashat
World Bank achieves record 65% growth in commitments in 2020: Malpass
Malpass added that the figure represents a rapid doubling of trade and working capital finance to help fill the banking vacuum that hit private sectors.
World Bank approves $440m to enhance Egypt railway safety, service quality
Railway improvement, safety project expected to cost $681.1m, including $241.1m in ENR contribution
479 million people projected to live in extreme poverty by 2030: World Bank
Flexibility of economic inclusion programmes makes them well suited to adapt to changing poverty contexts