Tag: World Bank

World Bank accused of financing fossil fuel development

A new report says the World Bank's Development Policy Financing programs continue…

Deutsche Welle

World Bank allocates $500m for development of Sohag and Qena

Minister of International Cooperation Sahar Nasr inspected the Red Monastery development project…

Daily News Egypt

Egypt’s GDP growth rate expected to fall to 4% in 2017: World Bank

In its report “Global Economic Prospects”, the World Bank stated that among…

Mohamed Samir

Egypt, Word Bank sign agreement for 2nd tranche of the $3bn loan

The loan will be put towards funding social safety net programmes and…

Mohamed Samir

World Bank approves second tranche as Egyptian pound falls, US dollar nears EGP 20

EGX hits record high on expense of the Egyptian pound

Hossam Mounir

GAFI holds meeting with World Bank to discuss means of improving investment climate

The government and the political leadership are prioritising the improvement of Egypt’s…

Daily News Egypt

Pound flotation, increase in energy prices to revive Egypt’s economy: World Bank

The World Bank said on Saturday that the liberalisation of the Egyptian…

Daily News Egypt

Egypt ranks 122 out of 189 countries in Doing Business report for 2017

Tax payment performance in Middle Eastern countries is good; however, Egypt has…

Shaimaa Al-Aees

External debt: a tricky, dangerous route towards reform

Egypt’s negotiations for loans from the International Monetary Fund, World Bank, and…

Hisham Salah

Prime Minister reveals source of additional $3bn in foreign exchange reserves in September

Egypt received $2bn from Saudi Arabia and $1bn from the World Bank

Hossam Mounir