Latest in Tag: World Bank Highlight
Latest in Tag: World Bank
Development financing agreements signed in 2020 with World Bank across different sectors amounted to $1.5bn, says Minister Rania Al-Mashat
Economic activity in MENA region is forecast to advance by 2.4% in 2021, 3.5% next year
The report said that the country is projected to see further growth rise to 4.5% in FY 2021/22, down from 5.8% in the previous forecast in January 2021 with a decrease of 1.3%.
MIGA provides coverage for $500m worth of investments in local market during past few years
Key ingredients to foster culture of innovation are through people, processes, technology: Egypt’s Al-Mashat
Malpass added that the figure represents a rapid doubling of trade and working capital finance to help fill the banking vacuum that hit private sectors.
Railway improvement, safety project expected to cost $681.1m, including $241.1m in ENR contribution
Flexibility of economic inclusion programmes makes them well suited to adapt to changing poverty contexts
Egypt’s Environment Minister Yasmine Fouad reviews environmental updates with Parliament’s Energy Committee
Egyptian economy has been heavily disrupted by coronavirus pandemic. However, it avoided contraction thanks to previous government reforms, says World Bank
“Top near-term policy priorities are controlling the spread of COVID-19, and ensuring rapid and widespread vaccine deployment,” said the World Bank
Egypt’s reforms have yet to trigger a marked and sustained increase in non-extractives private investment and exports, said the World Bank report
London Interbank Offer Rate (LIBOR) has been widely used since the 1970s as a reference rate for various financial instruments.
Egypt, World Bank sign four agreements in health, social solidarity, and environment sectors, worth $1.15bn, in 2020: Minister Al-Mashat
Bank approved $12bn grant in October to help developing countries purchase and distribute COVID-19 vaccines, tests
Improving business environment is top priority for government’s action plan, says Trade Minister
Country’s Irrigation Minister briefed World Bank delegation on state’s 2050 strategy for managing water resources
Egypt is keen to integrate environmental aspects in state’s development plans
The agreements come as part of the ministry’s vision to strengthen economic relations with multilateral and bilateral development partners, in order to meet Egypt’s development financing needs. The financing has gone to a variety of sectors, the most important of which are health, housing, and the environment.
The meeting took place prior to the start of the international organisation’s annual meetings of its Board of Governors which is scheduled to start on Thursday.
According to the ministry’s Thursday statement, the project covers the Cairo / Giza / Beni Suef railway line with a length of 125 km. The meeting also discussed the progress of other joint projects.
Cancellation is due to non-completion of preconditions to commencement of construction on Bisri Dam
Millions in South Sudan have been displaced, and the already scarce social and physical infrastructure is damaged due to the protracted conflict
Electricity Ministry has programme to replace overhead cables with ground cables
Universal health insurance system, which will help Egyptians access the affordable health care they need without suffering financial hardships
Real economic growth would hit 5% during Q3 of FY 2019/2020, says El-Said
Interruptions in schooling, primary healthcare access likely to have lasting impacts on human capital development
Oil price collapse hurts MENA’s oil industry, says report
Both sides touch on cooperation in solid waste management field
The mission included Amr El-Shalakani, senior health specialist at the World Bank, and Regional Director of the World Bank office in Egypt, Yemen and Djibouti Marina Weiss.