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World
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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.
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Business
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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.
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Business
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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.
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Al-Ahram Weekly
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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.
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Business
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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.
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Business
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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.
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War in Ukraine
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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.
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Business
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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.
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War in Ukraine
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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.
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War in Ukraine
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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.
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Egypt
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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.
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Al-Ahram Weekly
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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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Al-Ahram Weekly
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Economy
4/7/2022 11:01:00 AM
A leap in exports is an urgent necessity as Egypt approaches the next economic stage, writes Al-Ahram Weekly
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Egypt
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Foreign Affairs
4/6/2022 2:00:00 PM
World Bank (WB) Managing Director of Development Policy and Partnerships Mari Pangestu said on Tuesday that the bank is keen to provide all means of support to Egypt during its presidency of the UN Climate Change Conference (COP27) and to stimulate climate action-related efforts in Egypt and the African continent.
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World
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Africa
3/31/2022 7:03:34 PM
A senior World Bank official called for more support for poor people globally Thursday as the war in Ukraine sends food prices soaring.
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Business
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Markets & Companies
3/22/2022 2:46:24 PM
The International Finance Corporation (IFC) — a member of the World Bank Group — along with African and European partners launched on Tuesday the Alliance for Entrepreneurship in Africa (AforE).
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Al-Ahram Weekly
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Egypt
3/18/2022 2:32:00 PM
Minouche Shafik, director of the London School of Economics and Political Science, tells Al-Ahram Weekly how the coronavirus pandemic has turned people’s anger into fear, and how communities can better support their members to build a new social contract.
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Al-Ahram Weekly
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Egypt
3/15/2022 9:24:13 PM
Egypt has plans to improve its economic situation and counter the effects of the Ukraine crisis on the economy, Minister of Finance Mohamed Maait tells Al-Ahram Weekly.
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War in Ukraine
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Economy
3/2/2022 11:23:24 AM
The International Monetary Fund (IMF) and the World Bank (WB) are set to allocate finances for Ukraine to support it amid the Russian invasion it is undergoing, according to a joint statement released on Tuesday by IMF Managing Director Kristalina Georgieva and WB President David Malpass.
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Business
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Economy
3/1/2022 5:03:15 PM
Egypt’s score in the World Bank’s entrepreneurship indicator accelerated to 100 in the bank’s 2022 report, up from the 75 recorded in the 2021 report, according to the World Bank’s Women, Business, and the Law 2022 report released on Tuesday.
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