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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.
Lebanon, Egypt absorbed 90% of net long-term external debt inflows to MENA, according to World Bank report
Al-Mashat asserts government’s keenness on partnership with private sector
World Bank contributes $200m to MSMEDA, including $50m for new venture capital
Another WB mission to visit Egypt next week
Delegation to meet Madbouly, Al-Mashat, other senior officials, says statement
Finance to focus on climate change, gender inequality, conflict, violence within next three years
WBG, LAS, and AFESD launch 1st Pan-Arab Energy Trade Conference in Cairo
The ministry has taken a number of measures to reduce pollution rates: minister of environment