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" World Bank"

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Business - Economy
1/10/2023 10:49:14 PM
Amid global economic crises, the World Bank expected the growth of the Middle East and North Africa (MENA) region to slow down to 3.5 percent this year and to 2.7 percent in 2024, down from 5.7 percent recorded in 2022.

Business - Economy
1/10/2023 6:16:54 PM
The global economy will slow "perilously close" to a recession this year, led by weaker growth in all the world's top economies _ the United States, Europe and China, the World Bank warned on Tuesday.

Egypt - Society
12/29/2022 3:18:28 PM
The General Authority for Supply Commodities (GASC), Egypt’s state grain buyer, has announced that it has contracted for 200,000 tons of Russian wheat under the World Bank-backed Emergency Food Security and Resilience Support Project.

Business - Economy
12/23/2022 4:09:00 PM
The World Bank announced on Friday $500 million in financing dedicated to expanding and strengthening Egypt’s flagship Takaful and Karama social safety net program.

Business - Economy
12/22/2022 3:28:45 PM
The World Bank has revised down predictions for Egypt’s real GDP growth in FY2022/2023 to 4.5 percent, down from 4.8 percent it expected in October and below the 6.6 percent the country attained in FY2021/2022.

Business - Economy
12/20/2022 12:54:52 PM
The World Bank on Tuesday slashed its China growth forecast for the year as the pandemic and weaknesses in the property sector hit the world's second largest economy.

Business - Economy
12/19/2022 3:25:39 PM
The Ready-Made Garment Chamber of the Federation of Egyptian Industries announced on Monday the signing of a cooperation protocol with the International Finance Corporation (IFC), a finance arm of the World Bank Group, that aims to develop Egypt’s technical and specialized textile supply chain.

Business - Economy
12/1/2022 12:11:03 PM
The International Finance Corporation (IFC), a financing arm of the World Bank Group, alongside UAE, Japanese, Dutch, and private sector commercial banking partners, announced on Wednesday a $1.1 billion financing package for Egypt, including debt and equity.

Egypt - Urban & Transport
11/17/2022 6:15:59 PM
Egypt’s Minister of Local Development Hisham Amna and Minister of International Cooperation Rania El-Mashat launched the Egyptian Sustainable Cities Initiative in cooperation with the World Bank to enhance sustainable solutions in Egyptian cities.

COP27 - Sharm El-Sheikh
11/9/2022 1:55:09 PM
During the COP27 being held in Sharm El-Sheikh, the World Bank launched the Country Climate and Development Reports (CCDRs) for Egypt that provide recommendations on how the country can attain its development goals while mitigating and/or adapting to the repercussions of climate change.

Business - Economy
11/8/2022 2:59:21 PM
The World Bank Group (WBG) announced Tuesday a new multi-partner fund that will pool funding from the global community – including donor countries, the private sector and foundations – for scalable pathways to reducing greenhouse gas emissions.

World - Africa
11/4/2022 4:58:25 PM
South Africa, one of the world's largest greenhouse-gas emitters, has been granted financing of $497 million to decommission one of its largest coal-fired power plants and convert it to renewable energy, the World Bank said.

Business - Economy
11/4/2022 4:52:44 PM
Developing countries can slash their emissions with relatively modest investments, but they will need greater support from the international community, the World Bank said on Thursday.

Al-Ahram Weekly - Egypt
10/21/2022 10:30:00 AM
Al-Ahram Weekly talks to World Bank Country Director for Egypt, Yemen, and Djibouti Marina Wes about Egypt’s growth prospects amid the ongoing global economic conditions

Al-Ahram Weekly - Egypt
10/20/2022 10:54:00 AM
Egypt is anticipating its fourth loan from the International Monetary Fund in order to boost the economy, increase foreign-currency reserves, and cushion the effects of the global inflationary wave.

Business - Economy
10/15/2022 2:32:15 PM
Governor of the Central Bank of Egypt (CBE) Hassan Abdallah chaired on Friday the plenary session of the World Bank Group (WBG) and International Monetary Fund (IMF) Boards of Governors.

COP27 - Sharm El-Sheikh
10/14/2022 3:05:00 PM
World Bank Group President David Malpass lauded the strong ties with the WB member states, including Egypt, pointing out that the bank looks forward to working with Egypt towards a successful 2022 global climate conference, COP27.

World - Region
10/12/2022 10:59:59 PM
The G7 and IMF pledged their steadfast financial support to Ukraine on Wednesday as the country reels from Russian missile strikes and needs billions of dollars in monthly aid.

Business - Economy
10/10/2022 9:20:45 PM
Egypt and the World Bank Group (WBG) share a development cooperation portfolio that covers 14 ongoing projects worth almost $7 billion in priority sectors up until October, Ministry of International Cooperation said in a Monday statement.

Business - Economy
10/4/2022 1:39:47 PM
The World Bank Group (WBG) has approved a $400 million development financing agreement to decarbonise transport infrastructure in Egypt by developing an Alexandria–6th of October–Greater Cairo Area (GCA) railway corridor, the Ministry of International Cooperation announced on Monday.

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