Latest in Tag: World Bank Group Highlight
Latest in Tag: World Bank Group

Egypt launches national consultations with World Bank Group on climate action
âOur strategic partnership with World Bank aims to review national efforts to combat climate change,â says Al-Mashat

Egyptian government, World Bank Group address climate change policies
International financial institutions see Egypt as leading country of green recovery agenda in region: Al-Mashat

Egypt, WBG cooperation portfolio amounts to $8bn
The pandemic has affected all economies worldwide, causing a substantial decrease in investments, trade and remittance flows. It has also threatened the lives and livelihoods of all social segments.

Al-Mashat highlights Egyptâs COVID-19 measures at G-24 meeting
The across-the-board economic declines have hit these countries particularly hard, with governments having to spend heavily on health and social protections.

WBG urges G20 countries to suspend credit repayment for poorest countries
Countries need to move fast to boost health spending, says Malpass

Egypt, WBG discuss expanding cooperation fields through future strategic partnership
Malpass optimistic about next wave of structural reforms

World Bank Group, Partners launch new initiative to expand A2F for MSMEs, drive growth, jobs in MENA
MSMEs are the backbone of MENA economies, comprising nearly 90% of private firms and playing a pivotal role in the creation of dynamic, competitive, and inclusive economies and jobs, according to International Finance Corporation (IFC’s) press statement on Tuesday.

Egypt’s economic growth to pick up in 2020 supported by monetary policy easing: WBG
Governmentâs promotion initiatives and improved security support tourism sector, says report

Egyptâs high interest rates exert pressure on budget: WBG
Social conditions remain difficult, inflation eroded real income, says report

IFC invests close to $200m in Egypt, eyes opportunities in infrastructure, manufacturing sectors
The International Finance Corporation (IFC), a World Bank Group member, invested close to $200m in the Egyptian market over the last eight months, the IFC Country Manager for Egypt, Libya, and Yemen, Walid Labadi, told Daily News Egypt (DNE). The IFC chose Egypt earlier as a model for its investments in Middle East and Africa. …

Future of cash: will it become obsolete?
Transforming Egypt into a digital society starts with online payments

Egypt achieved universal access to electricity: WBâs Year in Review
13% of worldâs population still live without electricity, says report

âAgreement will bring the total number of benefiting citizens to 1.7 million,â: Nasr
Egypt signs infrastructure agreement with WB worth $300m

We annually invest about $17bn in region: WBâs vice president for Africa
African countries recommended to heavily invest in infrastructure, energy, ICT

Egypt needs 7% growth to reduce unemployment rate, restrain population growth, improve incomes: Mohieldin
Targeted growth should be 6-7%, which requires direct investments of 25-30%

Business practice environment
A few days ago, the World Bank Group released its Doing Business 2018 report. The report sheds light on the country’s performance and business climate through a number of indicators during the period from July 2016 to the end of June 2017. The Doing Business Index has been issued 15 times to date. It aims …

Egypt jumps 49 places to rank 64 in issuing construction permits in 2017: WBG
Egypt scored 12 out of 15 in building quality control index, compared to 11.3 in OECD high income