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Business - Economy
World Bank Group increases finances for climate action in developing countries
6/23/2021 1:05:06 PM
The action plan broadens the WBG's efforts from investing in 'green' projects to helping countries fully integrate their climate and development
Business - Economy
IFC, Netherlands launch $17.5 mln facility to support refugees in MENA
6/22/2021 12:29:23 PM
The new blended finance facility targets unlocking and catalysing private sector financing for innovative and scalable investments that will create solutions to address economic and social challenges faced by FDPs
Business - Economy
Egypt eyes World Bank’s support to finance second phase of economic reforms
6/20/2021 1:15:08 PM
The negotiations are expected to concentrate on Egypt’s financial stability, green recovery, private sector participation and boosting women’s participation in the economy, according to the statement.
Business - Economy
WBG, IMF launch high-level advisory group to help countering pandemic, climate change
6/17/2021 1:02:14 PM
Comprised of experts from research institutions, the private sector, and governments, in addition to senior staff of the WBG and IMF, the HLAG will propose ideas and frameworks for practical national and global action.
Opinion -
Good words but not major action at the G7
6/16/2021 2:27:00 PM
Despite the upbeat atmosphere at this week’s G7 summit meeting, insufficient measures were announced on global vaccination against Covid-19 and climate change
Business - Economy
IFC launches programme to improve Egypt’s healthcare sector
6/16/2021 1:34:18 PM
Through its Egypt Quality Advisory Programme, the IFC is expected to advise private healthcare service providers across Egypt on enhancing patient safety practices and upgrading their quality assurance systems
World - Region
Lebanon currency drops to new low as financial meltdown deepens
6/13/2021 5:56:06 PM
Lebanon is in the throes of a deep economic meltdown that is threatening its stability. The World Bank has called it one of the deepest depressions of modern history
Business - Economy
World Bank downgrades Egypt’s real GDP growth to 4.5% in FY2021/22
6/8/2021 4:27:28 PM
Citing Egypt, the report noted that the country’s forecasts in FY2020/21 reflect damage to tourism, manufacturing, and oil and gas extraction from the pandemic, before strengthening again in FY 2021/22.
Opinion -
Winds of change after the pandemic
6/4/2021 12:58:00 PM
Halting the Covid-19 pandemic is financially and practically feasible as a result of the development of effective vaccines, but we are still awaiting the necessary political will
Business - Economy
WHO plans to vaccinate up to 40% of world population by end-2021
6/1/2021 7:36:05 PM
The leaders of the IMF, WHO, WBG and WTO held a joint press conference on Tuesday to make an insistent call on all governments to contribute in financing a $50 billion road map to accelerate the vaccine roll out.
World - Region
Lebanon crisis among world's worst since 1850s: World Bank
6/1/2021 9:49:50 AM
Lebanon defaulted on its debt last year, the currency lost around 85 percent of its value and poverty is devastating a country once seen as a beacon of prosperity in the region
Business - Economy
World Bank to direct 35% of finances to climate action, 50% to adaptation efforts: Vice president
5/28/2021 1:57:09 PM
Over the timeline of three days, I4C discussions and workshops concentrated on addressing climate change through innovation and the need to accelerate climate action globally
Business - Economy
World Bank provided $83 bln in climate finances for developing countries over past five years: President
5/25/2021 6:06:24 PM
Business - Economy
IDH receives IFC debt-finance package in support of healthcare sectors in 4 countries including Egypt
5/25/2021 3:44:51 PM
The $45 million debt-finance package will support healthcare sector in Egypt, Jordan, Nigeria, and Sudan
World - Region
World Bank allocates $2 billion to fund projects in Sudan
5/24/2021 10:24:05 PM
The announcement came around two months after Sudan cleared all of its overdue payments to the World Bank
Business - Economy
WB intends to invest $150 bln in Africa over coming five years: World Bank president
5/19/2021 12:55:33 PM
World Bank President David Malpass said that Africa needs large inflows of long-term resources in order to address the challenges created by the pandemic
World - Africa
US will grant Tunisia $500 million in aid: Tunisian Minister
5/17/2021 11:25:34 AM
'Our visit to Washington was important and fruitful with International Monetary Fund, World Bank and American officials', said Kooli, who was in Washington to start discussions about a new loan program with the IMF
Business - Economy
Egypt’s MSP discusses oil, natural gas sector investments with international partners
5/9/2021 4:10:30 PM
The platform aims to create interaction and integration between government entities, multilateral and bilateral development partners, private sector, and civil society to implement Egypt’s 2030 Vision
Al-Ahram Weekly - Economy
Egypt: Keeping the economy afloat
4/28/2021 2:49:00 PM
Egypt’s economy kept growing during the Covid-19 pandemic
Al-Ahram Weekly - Economy
Of vaccines and climate change
4/27/2021 9:11:10 PM
This year’s annual IMF-World Bank Spring Meetings were about more than just economics, Executive Director of the International Monetary Fund Mahmoud Mohieldin tells Al-Ahram Weekly
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