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World
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Region
8/24/2021 7:30:43 PM
The decision comes as Lebanon is expected to end subsidies for fuel by the end of next month, a move that is expected to lead to sharp increases in prices of almost all products.
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Business
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Economy
8/19/2021 7:07:06 PM
The meeting tackled the means to boost private sector investments and sustainable infrastructure
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World
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International
8/18/2021 8:32:29 PM
The World Bank has more than two dozen development projects ongoing in the country and has provided $5.3 billion since 2002, mostly in grants
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World
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Region
8/10/2021 1:27:44 PM
The country of six million is in the throes of a financial downturn branded by the World Bank as one of the worst since the mid-19th century, with the local currency losing more than 90 percent of its black market value
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Business
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Economy
8/3/2021 8:35:18 PM
Sérgio Pimenta, IFC’s Vice President for Middle East and Africa, said that addressing climate change is a priority for IFC in Egypt as well as across the MENA
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Business
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Economy
7/25/2021 4:42:41 PM
The IMF is expected to release its updated report on the world's economic outlook on Thursday, which sheds light on the global economy's performance under the pressure of COVID-19
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World
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Region
7/21/2021 12:50:53 PM
Without taking into account the additional cost of water, electricity or cooking gas, a family of five was spending more than 3.5 million Lebanese pounds a month on food alone, the Crisis Observatory estimated
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World
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Region
7/9/2021 2:36:38 PM
The country is facing what the World Bank has called one of the world's worst economic crises since the 1850s, and its foreign currency reserves are fast depleting
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World
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Region
7/8/2021 8:37:11 PM
The report says it will take up to $380 million to repair the physical damage alone, with more required for other recovery needs
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World
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Region
7/1/2021 10:39:37 AM
The price of menstrual pads has risen by almost 500 percent since the start of a financial crisis the World Bank has dubbed likely one of the world's worst since the 1850s
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World
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Africa
6/30/2021 9:08:32 PM
Sudan's joint military-civilian government has taken a series of bold steps to try to revive a battered and distorted economy where smuggling is rife
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World
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Region
6/30/2021 5:38:33 PM
The government, which subsidises key commodities including flour and medicine, has also started to gradually reduce support on other key items, after months of deliberations and without any official announcement
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Business
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Economy
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
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Business
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Economy
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
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Business
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Economy
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.
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Business
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Economy
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.
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Opinion
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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
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Business
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Economy
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
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World
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Region
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
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Business
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Economy
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.
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