Latest in Tag: World Bank Highlight
Latest in Tag: World Bank
Nasr negotiates with WB to expedite $500m social housing fund
Reports emerge that Egypt requests $2bn from WB
WBG approves $530m project to support Egypt’s public healthcare
“This project is about investing in people,” says WBG director for Egypt, Yemen, and Djibouti
Global growth set to slow over next two years: World Bank
Egypt expected to grow 5% this year, increase of 0.5 points from WB’s January forecast
World Bank increases Egypt’s GDP growth forecast to 5.3% in FY 2017/18, 5.7% in FY 2018/19
The World Bank improved its previous forecast of Egypt’s gross domestic product (GDP) growth to record 5.3% in fiscal year (FY) 2017/18 and 5.7% in FY 2018/19, up from 4.9% and 5.6% respectively, according to the bank’s Global Economic Prospects report published on Wednesday. For the Middle East and North Africa region, the report expects …
World Bank funding study to restructure Egyptian Railway Authority
Assistant Transport Minister Amr Shaat said that the World Bank is financing and supervising a study for the administrative restructuring of the Egyptian Railway Authority (ERA). He explained that the comprehensive development plan will cost about EGP 56bn, including upgrading the railway signalling network with EGP 13bn in investments. The government recently opened the way …
Egypt will be one of largest beneficiaries of World Bank’s capital increase: Nasr
100% increase in number of companies established in Egypt since beginning of 2018 compared to same period of last year, says Nasr
World Bank: Egypt’s GDP to gradually increase by 5.8% in FY2019/20
Growth in MENA expected to rebound to 3.1% in 2018
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World bank providing $500m to improve public Egyptian schools
Agreement will be signed at spring meetings in Washington DC, Nasr says
World Bank to lend Health Ministry $200m for hepatitis C screening: minister
Al-Sisi opens 30 hospitals in nine governorates
Egyptian government applied for programme to protect middle class: World Bank
Government currently working on package of measures in favour of middle class, will be announced soon, Egyptian official says
Egypt receives final $1bn tranche of World Bank loan
Egypt has received the third and final $1bn tranche of the $3bn World Bank loan on Wednesday, according to Minister of Investment and International Cooperation Sahar Nasr. Nasr added that Egypt has received another $150m from the Group of Seven (G7), in addition to receiving $250m from Germany and $170m from France, to fund the …
Egypt’s growth rate forecast at 4.5% in 2018: WB
Growth rate projected to reach 5.9% by 2019, says the report
Egypt demands World Bank join GERD negotiations
Foreign Minister Sameh Shoukry met Tuesday, during his visit to Addis Ababa, Ethiopian Prime Minister Hailemariam Desalegn and Minister of Foreign Affairs Workneh Gebeyehu, where he followed up on the cooperation between the two countries following the latest round of tripartite meetings between Egypt, Sudan, and Ethiopia regarding the Grand Ethiopian Renaissance Dam (GERD). According …
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Out of a $3bn total, Nasr signs 3rd tranche of World Bank loan worth $1.15bn
Sahar Nasr, minister of Investment and International Cooperation, signed the third tranche of the World Bank loan, estimated at $1.15bn, from a total of $3bn. Acting Prime Minister Mostafa Madbouly and Minister of Electricity Mohamed Shaker attended the signing. During the ceremony, Nasr said that the third tranche will be directed to implement reforms in …
High-level forum by EBRD, FAO, World Bank discusses Egypt’s food sector
Egyptian government keen on creating appropriate investment environment to attract more local, foreign investment from public, private sectors: El-Banna
World Bank to disburse 3rd part of loan this month
The Egyptian government will receive the third portion—worth $1bn—of the World Bank loan before the end of this month, an official source at the Ministry of Finance said. According to the source, who asked not to be named, the World Bank’s board of directors will hold a meeting this week to discuss the approval to …
Mahmoud Mohieldin to discuss economic development on 19 November
The ECES and the AmCham host Mohieldin for a lecture entitled “Progress in a Changing World”
Egypt holds workshop with World Bank to promote investments in agriculture
Egypt’s recent economic reforms and improved business environment encourage investment in agriculture, says World Bank
Egypt seeks to unlock third tranche worth $1bn of World Bank loan
Sahar Nasr discusses releasing the disbursement before the year-end
World Bank sends $125m to CBE as part of development of Upper Egypt loan
We are looking to start the implementation of the programme immediately, we subjected it to a thorough review and discussed with a delegation from the bank: El Saeed
IMF, World Bank praise Egypt’s economic reform programme
The IMF and the World Bank praised Egypt’s economic reform programme on the sidelines of the annual meeting of the International Monetary Fund (IMF) and the World Bank in Washington, D.C. Meanwhile, World Bank President Jim Yong Kim said that Egypt’s economic reform programme is moving on the right track at a press conference last …
Egypt awaits 3rd tranche worth $1bn of World Bank’s loan
World Bank sees economic reforms taken by the Egyptian government as spectacular
Egypt budget deficit to hit 8.8% of GDP in FY 2017/18: World Bank
A recent report issued by the world bank has expected Egypt’s budget deficit to stand at 8.8 percent of GDP by the end of the current fiscal year The improvement in the budget deficit was attributed by the bank to the reforms made in the energy subsidies system and the hike in tax revenues. In …
Sahar Nasr to attend World Bank annual meetings in Washington
The Minister of Investment and International Cooperation Sahar Nasr will travel to Washington on Wednesday to participate in the annual meetings of the World Bank. The minister is expected to hold several meetings with the World Bank’s officials, the International Finance Corporation (IFC), and a number of major US investors and companies. Nasr will be …
Tarek Amer named Central Bank Governor of the Year by IMF’s, World Bank’s GlobalMarkets
The selection was based on Amer’s role in reforming Egypt’s currency exchange system
Sahar Nasr, World Bank mission discuss signing third tranche before end of year
We are working to inject new investments in the areas most in need: Nasr
World Bank Delegation to visit Egypt on Sunday to discuss $1bn loan
Minister of Investment and International Cooperation makes arrangements to receive the last portion of the $3bn loan
New $1bn initiative by World Bank to enable women’s entrepreneurship
The World Bank Group is launching a new facility to raise over $1 billion to fund women’s entrepreneurship and provide aspiring businesswomen in developing countries with more access to finance markets. The announcement comes as part of the activities of the G20 leaders’ summit that is currently taking place in the German city of Hamburg, …
Egypt’s GDP to grow 5.3% by 2019: WB
Forecast lower than the WB’s previous January 2017 forecast, estimated at 5.4%
World Bank injects $125m for Upper Egypt development
The current amount is the first portion of the total amount worth $500m to develop Upper Egypt, says Nasr