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

PM Madbouly leads Egypt’s delegation, meets WB President, US VP at IMF and World Bank meetings
World Bank aims to increase cooperation with Egypt in the field of infrastructure

Carbon pricing is essential to reducing greenhouse gases: World Bank
Competitiveness concerns should not preclude carbon pricing or emission targets to Paris Agreement levels, namely $40–$80/tCO2e by 2020 and $50–$100/tCO2e by 2030

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

Egypt’s GDP growth shifting from historical consumption drivers to investment, net exports: WB
Egypt’s GDP grew robustly by 5.3% in FY 2017/18 compared to 4.2% in the previous year according to the World Bank report

World Bank announces $500m to expand, improve Egypt’s social safety nets
Funds reassure World Bank’s commitment to promoting human capital development

Cooperation volume between MSMEDA, World Bank $800m: Gamea
Women obtainment of micro funding amounts to 80%, says Nasr

World Bank’s cooperation with CBE to issue fintech sandbox is conditional: Mohieldin
Municipalities in Egypt should have clear detailed budgets first to be qualified for issuing bonds

Al-Sisi meets with World Bank president over Egypt’s economic reforms
Malpass welcomes Al-Sisi’s implementation of reforms, recognises need for further progress on subsidies, governance, debt transparency, state-owned enterprises

Investing in people helps to share in benefits of economic growth, technological progress
Only 1.7% of country’s public investment are injected in infrastructure, says Lagarde

World Bank shows interest in cooperation with Egypt to boost growth
Egypt is head of African Union, pioneers way Africa can work together, says Malpass

World Bank looking forward to cooperate with Egypt to foster country, world growthÂ
Global growth fell to 2.7% in Q4 of 2018, down from 3.3% in Q1 of same year, says WBÂ president

Spring meetings: IMF urges policymakers to prepare for slower growth through smart decisions, cooperative work
Washington, DC-Â Thousands of delegates and officials have arrived in Washington, DC, for the spring meetings of the International Monetary Fund (IMF) and World Bank, which is taking place from 8 to 14 April. The spring meetings of the boards of governors of the World Bank Group and the IMF bring together central bankers, ministers of …

Overpopulation in Egypt can destroy economic progress: World Bank
Arab world has 70% in higher education institutions

World Bank to approve $200m in funds for Egypt’s private sector project within weeks
Bank holds serious negotiations with Egyptian government to finance digital infrastructure project

World Bank, Bavarian Auto Group discuss development of electric vehicles market in Egypt
Group prepares to launch BMWi in April, saysFarid El Tobgui

WB, Mortgage Finance Fund discuss details of new deal
Fund’s loans portfolio to increase to EGP 32bn at end of 2019, says May Abdel Hamid

Breast Cancer most common type of cancers among women in Egypt: WB
This type estimated to be cause of 22% all cancer-related female deaths, says WB

World Bank to participate in AfricaSan5, FSM5
Conferences to take place from 18-22 February

Fuel subsidies phasing out faces significant challenges which must be faced: WB
According to the recent report issued by the Energy Sector Management Assistance Programme (ESMAP) which is administrated by the World Bank (WB), Egypt’s economy was adversely affected by a growing energy deficit, in the aftermath of the Arab Spring , slowing economic growth, increasing poverty, and socioeconomic transition. Egypt faced growing fiscal pressures. With fossil …

Egypt’s economic growth to reach 5.7% in 2019: WB
WB expects global economic growth to slow to 2.9% in 2019

World Bank discusses with Egypt boosting joint infrastructure projectsÂ
Bank’s support for Egypt is an important message for international business community, says source

Egypt requires $675 bn of investments to meet its infrastructure needs: G20
Authorities need to develop new approach to infrastructure provision says WB

Egypt jumps eight places in WB’s 2019 Doing Business Report
Country implements biggest number of investment reforms over 10 years, says reportÂ

World Bank report: Poverty rates remain high in Africa
The latest extreme poverty estimates from the World Bank revealed that Africa is lagging behind the rest of the world. Development expert Francisco Ferreira says it’s not too late to turn things around.Sub-Saharan Africa is the only region in the world where the overall number of extremely poor people is increasing rather than decreasing, according …

WB announces additional $300m loan for sanitation services in rural Egypt
Project to benefit almost 1 million people, says statement

Communications Ministry negotiates with World Bank on developing transition strategy to digital economy
Talat stressed the importance of benefiting of the WB’s expertise in supporting strategies for the transition to a digital economy

MIIC, WB mission follow up integrated programme for Sinai Development
Arab funds contribute about $2.5bn to planned project, says Nasr

WB economist recommends Egypt develops its digital infrastructure
Firms need to improve productivity depending on global technology, says economist