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" World Bank"

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Egypt - Society
6/15/2024 2:16:34 PM
Egypt held the 6th position among the world’s remittance recipient countries in 2023, the Central Agency for Public Mobilization and Statistics (CAPMAS) announced on Saturday.

Business - Economy
6/12/2024 12:54:08 PM
​The World Bank maintained its projections for Egypt’s real GDP growth in both 2024 and 2025 at 2.8 percent and 4.2 percent, respectively, compared to the last projections released in April, according to the Global Economic Prospects report released on Tuesday.

World - Region
5/25/2024 9:01:53 PM
More than a quarter of Syrians live in extreme poverty, the World Bank said Saturday, 13 years into a devastating civil war that has battered the economy and impoverished millions.

War on Gaza - War on Gaza
5/24/2024 12:39:11 PM
The Palestinian Authority is facing the possibility of financial collapse, the World Bank said in a report Thursday, as revenue streams run dry and economic activity drops precipitously against the backdrop of the Gaza war.

World - Region
5/23/2024 3:22:30 PM
Poverty in Lebanon tripled over the course of a decade during which the small Mediterranean country slid into a protracted financial crisis, the World Bank said Thursday.

Opinion -
5/21/2024 4:49:40 PM
PARIS/VANCOUVER – Today’s economic outlook is strangely contradictory. While global markets, led by technology and energy, have been ebullient over high short-term profits, the mood at the Spring Meetings of the World Bank and the International Monetary Fund last month was decidedly somber.

Business - Economy
5/12/2024 3:15:53 PM
Banque du Caire and the International Finance Corporation (IFC), a member of the World Bank Group, signed on Sunday a financing agreement worth $100 million.

Business - Economy
5/8/2024 2:32:04 PM
Egypt’s net international reserves (NIRs) surged at the end of April to its highest level in four years to post $41 billion, up from $40.4 at the end of March, the Central Bank of Egypt (CBE) reported on Tuesday.

Business - Economy
5/6/2024 4:43:22 PM
Some hope that Egypt’s Stock Exchange (EGX) will regain in May the heavy losses incurred in April in response to the geopolitical tensions in the region along with other local developments.

Business - Economy
5/4/2024 6:47:00 PM
Fitch Ratings upgraded its outlook for Egypt's Long-Term Foreign-Currency Issuer (LFTC) to positive from stable while affirming its issuer default rating at B-, the credit rating agency announced in its report on Egypt on Friday.

Al-Ahram Weekly - Economy
4/29/2024 11:17:00 PM
Doaa A. Moneim reports on the messages delivered by the Egyptian delegation to the IMF and World Bank Spring Meetings in Washington

Business - Economy
4/28/2024 5:01:05 PM
The Sustainable Banking and Finance Network (SBFN) - an initiative of the International Finance Corporation (IFC) - has upgraded Egypt's classification from "Developing-Advancing" to "Advancing" in its performance assessment matrix, the Central Bank of Egypt (CBE) announced on Sunday.

Al-Ahram Weekly - Opinion
4/28/2024 9:27:00 AM
How can high-income and developing countries alike become more effective in implementing the IMF Spring Agenda to successfully address global and national economic challenges.

Al-Ahram Weekly - Egypt
4/23/2024 10:52:00 PM
Gamal Essam El-Din on the government’s budget and development plans for the new fiscal year

Al-Ahram Weekly - Opinion
4/23/2024 10:37:42 PM
Egypt has the time and budget needed to move forward with the structural reform of the economy, as well as to strengthen its economic resilience, writes Naglaa Arafa

Business - Economy
4/17/2024 3:16:11 PM
Egypt’s Minister of International Cooperation Rania Al-Mashat, delivered a speech as the Governor of Egypt to the World Bank Group (WBG) during the G24 Governors and Ministers Meeting held in Washington. The address took place at the WBG and the International Monetary Fund (IMF) 2024 Spring Meetings.

Business - Economy
4/17/2024 12:30:02 PM
Egypt’s government plans to complete the privatization of the state-owned companies within a period of 3 to 5 years, Minister of Finance Mohamed Maait stated to Asharq News.

Business - Economy
4/16/2024 9:35:00 PM
Minister of International Cooperation and Governor of Egypt at the World Bank Rania Al-Mashat met with key representatives of the World Bank Group during the Spring Meetings of the International Monetary Fund and the WB Group in Washington.

Business - Economy
4/16/2024 7:12:57 PM
Egypt’s real GDP growth is expected to slow down to 2.8 percent in the current FY2023/2024, which ends on 30 June, before rebounding to 4.2 percent in the FY2024/2025 according to the MENA Economic Update released by the World Bank on Monday.

Business - Economy
3/31/2024 12:10:06 PM
Prime Minister Mostafa Madbouly disclosed that Egypt is set to receive the initial tranche of $820 million from the International Monetary Fund (IMF) expanded loan next week, along with the second tranche from the Ras El-Hekma deal in early May.

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