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" World Bank"

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Business - Economy
5/26/2022 1:20:14 PM
​The Governor of the Central Bank of Egypt Tarek Amer is set to chair the World Bank Group (WBG) and the International Monetary Fund's (IMF) annual meetings, which are scheduled to be held in October, the World Bank announced on Thursday.

World - Region
5/18/2022 9:01:09 PM
A new 10 million US dollars grant will help Lebanon mitigate the environmental and health impacts of the Beirut port explosions on the neighboring population and support Beirut's reconstruction, the United Nations said in a statement on Wednesday.

World - Africa
5/16/2022 11:06:14 PM
The Ethiopian government and the World Bank have signed a financing agreement amounting to 300 million US dollars in support of the reconstruction and recovery of conflict-affected areas of Ethiopia.

Business - Economy
5/12/2022 1:11:19 PM
Remittance flows to Egypt are expected to inch up by eight percent in 2022 despite the repercussions of the global economic challenges, the World Bank stated.

World - Region
5/9/2022 4:57:45 PM
The World Bank approved a $150 million soft loan for food security in crisis-hit Lebanon to stabilize bread prices during the coming months, the economy minister said Monday.

World - Region
5/9/2022 3:24:54 PM
The World Bank on Monday urged donors to boost support for the Palestinian Authority, which it said was facing a destabilising budget crisis linked partly to "record low" foreign aid contributions.

Al-Ahram Weekly - Economy
4/30/2022 4:06:00 PM
Al-Ahram Weekly talks to Roberta Gatti, World Bank chief economist for the Middle East and North Africa region, about projections for key Egyptian macroeconomic indices amid the ongoing Russia-Ukraine conflict.

World - International
4/19/2022 1:01:06 PM
Global finance leaders are putting the growing crisis over food insecurity and skyrocketing food prices at center stage as members of the International Monetary Fund and the World Bank meet in Washington and grapple with the brutal effects of Russia's war against Ukraine.

World - International
4/18/2022 5:31:05 PM
The World Bank is seeking to create a $170 billion emergency fund to help the poorest nations being buffeted by multiple crises, the bank's President David Malpass said Monday.

Business - Economy
4/18/2022 5:00:14 PM
The annual meetings of the International Monetary Fund (IMF) and the World Bank Group (WBG) kicked off in Washington DC on Monday, with the key theme expected to focus on the repercussions of the Russia-Ukraine conflict and COVID-19 on the global economy.

Business - Economy
4/15/2022 7:55:43 PM
Marie Pangestu, World Bank managing director for development policy and partnerships, spoke to Al-Ahram on the major crises all countries face at present from a sharp slowdown in the global economy and high inflation expected to continue in 2023.

Al-Ahram Weekly - Opinion
4/15/2022 4:19:00 PM
As Egypt gears up to host the COP27 meeting in Sharm El-Sheikh in November, it can lead the world in showing how climate can be integrated into development.

Business - Economy
4/14/2022 5:47:57 PM
The World Bank (WB) has maintained Egypt’s real GDP growth at 5.5 percent in fiscal year (FY) 2021/2022, downgrading its forecast for FY 2022/2023 to five percent, down from 5.5 percent expected in January.

Business - Economy
4/14/2022 3:19:40 PM
The International Monetary Fund (IMF) will revise down the real GDP growth of 143 economies – accounting for 86 percent of global GDP – following the Russian invasion of Ukraine, IMF Managing Director Kristalina Georgieva said on Thursday.

War in Ukraine - Humanitarian
4/13/2022 7:59:53 PM
Major international organizations issued an appeal Wednesday for urgent measures to deal with rising food insecurity in poor countries, including financing to support farmers and increase food supplies.

Business - Markets & Companies
4/11/2022 2:11:16 PM
The International Finance Corporation (IFC) — a World Bank Group member — is set to invest $15 million in the second fund from venture capital firm Algebra Ventures with the aim of supporting tech start-ups with access to finance and drive innovation and job creation primarily in Egypt.

War in Ukraine - Economy
4/11/2022 1:06:57 PM
The World Bank says Ukraine's economy will shrink by 45.1% this year because of Russia's invasion, which has shut down half of the country's businesses, choked off imports and exports, and damaged a vast amount of critical infrastructure.

War in Ukraine - Economy
4/10/2022 10:34:57 PM
The World Bank issued dire forecasts for Ukraine as Russia's invasion impacts both the country and its neighbors, warning in a report released Sunday of an even bleaker economic outlook if the conflict drags on.

Egypt - Foreign Affairs
4/9/2022 4:14:38 PM
Egypt will have a big role in integrating water and climate issues globally, said Mari Pangestu — the World Bank’s managing director of development policy and partnerships.

Al-Ahram Weekly - Economy
4/7/2022 8:10:00 PM
With one crisis after another hitting the global economy, policymakers must approach economic development differently, according to experts at a recent conference.

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