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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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Business
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Economy
2/26/2022 12:21:48 PM
The International Monetary Fund (IMF) will work hand-in-hand with the World Bank Group (WBG) and other partners to coordinate support for Ukraine amid the Russian invasion, the IMF’s managing director Kristalina Georgieva stated on Friday.
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Business
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Economy
2/23/2022 5:59:35 PM
Egypt’s Minister of International Cooperation Rania Al-Mashat held on Wednesday a meeting with a World Bank delegation and the Multilateral Investment Guarantee Agency (MIGA) at the Ministry’s headquarters to chart a roadmap for climate action in the country and the transition to a green economy in Egypt.
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Business
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Economy
2/18/2022 5:12:33 PM
Al-Ahram interviewed World Bank Senior Economist Sara Al-Nashar and Senior Digital Development Specialist Eric Dunand about the World Bank’s recently issued report on Egypt titled “The Far-Reaching Impact of Government Digitalisation.”
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Business
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Economy
2/15/2022 3:27:07 PM
Developing countries, including Egypt, are under elevated risk of financial fragility caused by the COVID-19 crisis and non-transparent debt, according to the World Development Report 2022 released by the World Bank on Tuesday.
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Al-Ahram Weekly
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Economy
2/11/2022 1:28:00 PM
The World Bank praised the economy’s ability to mitigate Covid-19. Al-Ahram Weekly reviews Egypt’s Economic Monitor report
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Business
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Tech
2/8/2022 8:26:04 PM
Egypt’s information and communications technology (ICT) sector is the fastest growing sector in the Egyptian economy over the past two years, as its contribution to the country’s GDP rose from 3.2 percent in FY2019/2020 to five percent in the current FY2021/22, Minister of Information and Communications technology Amr Talaat said on Tuesday.
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Business
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Economy
2/1/2022 1:56:33 PM
The World Bank Group (WBG) and the International Monetary Fund (IMF) announced that their annual autumn joint meetings will be held in Washington DC in October instead of Marrakesh, Morocco due to COVID-19 concerns.
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Business
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Markets & Companies
1/31/2022 4:40:17 PM
The International Finance Corporation (IFC), a World Bank body, is set to pump $20 million in investments in Egypt-based Ezdehar, a private equity fund manager focused on Egypt.
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World
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International
1/13/2022 11:19:40 PM
UN Secretary-General Antonio Guterres on Thursday urged the United States and the World Bank to unfreeze Afghan funds, locked since the Taliban's return to power, to prevent "the nightmare unfolding in Afghanistan" from getting worse.
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Business
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Economy
1/11/2022 4:36:37 PM
Global GDP growth is projected to slow down significantly in 2022 to 4.1 percent in 2022 and 3.2 percent in 2023, down from 5.5 percent recorded in 2021, the World Bank announced on Tuesday
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World
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Region
12/29/2021 2:14:42 PM
Lebanon is mired in an economic crisis branded by the World Bank as one of the worst in modern times, but officials are yet to strike an international bailout deal.
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Business
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Economy
12/23/2021 6:12:58 PM
The World Bank on Thursday said it agreed with its partners to repurpose $37 million in funds to help Lebanon's public school teachers survive a crushing economic crisis.
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Business
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Economy
12/20/2021 2:37:52 PM
Egypt’s Minister of International Cooperation Rania Al-Mashat discussed with the World Bank Group’s (WBG) development policy financing team bringing forth a new round of the Country Partnership Framework (CPF) for Egypt, maintaining the momentum and building on the strong progress achieved over the course of the 2015-2019 CPF and the two-year extension that followed.
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Business
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Economy
12/7/2021 3:12:23 PM
The current generation of students risks losing $17 trillion in lifetime earnings –about 14 percent of the global GDP at the present value – as a result of the COVID-19 pandemic and its related school closures, a new report published on Monday by the World Bank, UNESCO, and UNICEF estimated.
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Al-Ahram Weekly
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Economy
11/21/2021 11:23:00 AM
Financial remittances from abroad can enhance economic growth and promote development in the Arab world, Secretary-General of the Union of Arab Banks Wissam Fattouh tells Al-Ahram Weekly.
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Business
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Economy
11/13/2021 12:00:01 PM
The poorest countries will emerge from the COVID-19 crisis with their largest debt burdens in decades, while limited debt transparency in such countries will delay critical debt reconciliation and restructuring, the World Bank said a new report.
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World
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Region
11/12/2021 1:44:09 PM
The Lebanese government is failing its people, the UN envoy on extreme poverty Olivier De Schutter said Friday, warning that the country is on course to becoming a failed state.
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Business
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Economy
11/11/2021 12:13:14 PM
Egypt has done well regarding the implementation of its economic reforms and the government’s performance amid the pandemic, and it has the potential to serve as a regional economic hub, Merza Hasan, the dean of the Board of Executive Directors at the World Bank Group told Ahram Online.
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