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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
World Bank projects Egypt’s economy to grow at fastest regional pace in 2018
A recent report forecasts GDP growth to accelerate to 5% next year
World Bank sees global economy on the up
Egypt to receive 3rd tranche of World Bank loan in December
It is crucial to replace intangible support with cash support, says Ghanem
Nasr, Al-Bassam discuss Sinai Development Project updates
The Saudi fund is involved in the financing of projects in Sinai and Greater Cairo
SFD, Hermes Leasing sign EGP 20m contract to finance small enterprises
Secretary general of the Social Fund for Development (SFD) Niveen Gamea; Ahmed El-Kholy, CEO and managing director of EFG Hermes Leasing; and Talal Hamza, head of the finance department at Hermes Leasing, signed a contract for the development of new and existing small enterprises through a financial leasing scheme worth EGP 20m. This funding is …
Government wants World Bank to accelerate approving loan’s 3rd tranche
Egypt also asked the World Bank to expand its financing for developing projects in Upper Egypt
Nasr meets World Bank, EBRD, GE representatives during Washington visit
Inequality in the Middle East and North Africa has a negative effect on sustainable development efforts, says Nasr
Differences cloud IMF, World Bank meetings
GDP growth to slow, reach 3.9% in FY 2017/18: World Bank
Growth expected to accelerate to 4.6% in FY 2017/2018 and 5.3% in FY 2018/2019
Robust economic policies needed to maximise private savings and finance growth in Egypt: World Bank
The research by the World Bank said that trust and internet access are significant to savings behaviour, whereas physical access and distribution of banks do not have an effect on one’s probability of participating in bank savings and/or informal savings
Petroleum Ministry to repay part of its dues to foreign partners in May
The ministry will complete the repayment of its dues after receiving the third tranche of the World Bank and AFDB loans, sources said
US keen to inject more investments in Egypt: Nasr
Egypt prepares for a US investors delegation visit soon
World Bank officials to visit Egypt to discuss new development projects
Nasr discussed increasing the cooperation between the two sides with vice president of the World Bank
Nasr negotiates for 3rd tranche of World Bank’s loan
Egypt targets implementing reforms to improve its rank in the next Doing Business Report, says Nasr
World Bank in new focus on sub-Saharan Africa
Discussions with World Bank to provide simplified environment for investment: Nasr
We are developing a system to facilitate investment procedures, says Sahar Nasr
Nasr meets investors, World Bank delegation to discuss economic atmosphere
A workshop with World Bank to discuss the implemented procedures of development, states Investment Ministry
World Bank delegation to visit Egypt next week to monitor reform updates
Nasr also met with Mourad Wahba to discuss the UNDP programme
Industry ministry negotiates $150m funding programme with World Bank
The programme includes maintaining schools and health centres, as well as rehabilitating poor families’ houses
World Bank delegation to visit Cairo
A high-level delegation from the World Bank is scheduled to visit Egypt within the next two weeks to review the regulations undertaken by the government to enhance Egypt’s business environment and activities. The review will then be published in the World Bank’s “Doing Business” annual report, said Minister of Investment and International Cooperation Sahar Nasr …
World Bank accused of financing fossil fuel development
World Bank allocates $500m for development of Sohag and Qena
Minister of International Cooperation Sahar Nasr inspected the Red Monastery development project in Sohag, which was funded by the United States Agency for International Development (USAID) with EGP 20m. The project aims to restore and develop the archeological aspects of the monastery, being an important touristic attraction and providing employment for local residents and limited-skill …
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 oil-importing economies, growth in Egypt has slightly declined to 4.3 % in fiscal year (FY) 2016. This comes as a result of foreign currency shortages which feed manufacturing and a decline in tourism after the crash of a Russian aeroplane in the Sinai …
Egypt, Word Bank sign agreement for 2nd tranche of the $3bn loan
The loan will be put towards funding social safety net programmes and promoting small- and medium-sized enterprises
World Bank approves second tranche as Egyptian pound falls, US dollar nears EGP 20
EGX hits record high on expense of the Egyptian pound
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 investment climate and attracting foreign investments, says GAFI chairperson