Latest in Tag: World Bank Highlight

Latest in Tag: World Bank

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 …

Ahmed Ismail

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 …

Mohamed Abdel Megeed

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 …

Mohamed Abdel Megeed

Drivers of Egypt's GDP growth are shifting from the historical factors such as consumption toward investment and net exports, according to a World Bank (WB) report which was released on Tuesday, entitled “Egypt Economic Monitor: From Floating to Thriving – Taking Egypt's Exports to New Levels”.

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, …

Daily News Egypt

World Bank sees global economy on the up

Despite growing tendencies towards protectionism and some political uncertainty, the World Bank sees a positive outlook for the world economy in 2017 and beyond. But the UK’s election is its next challenge.The global economy is set to post solid growth this year, amid improving trade and better performance by large emerging markets, the World Bank …

Tamer Nigm

Differences cloud IMF, World Bank meetings

Semi-annual meetings of the two institutions have kicked off in Washington, with IMF chief Christine Lagarde making a passionate plea for free trade, while downplaying differences with the Trump administration.The International Monetary Fund (IMF) and World Bank spring meetings started on Thursday bringing the two multilateral institutions’ 189 members face-to-face with the unusual challenge of …

Deutsche Welle

World Bank in new focus on sub-Saharan Africa

The World Bank has pledged tens of billions of dollars in financing for the development of nations in sub-Saharan Africa. The money is to go toward selected investment projects to strengthen regional economies.World Bank President Jim Yong Kim said a record $57 billion (53 billion euros) would be made available for financing a vast number …

Deutsche Welle