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 portionâworth $1bnâof 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 …
Mahmoud Mohieldin to discuss economic development on 19 November
The ECES and the AmCham host Mohieldin for a lecture entitled “Progress in a Changing World”
Egypt holds workshop with World Bank to promote investments in agriculture
Egyptâs recent economic reforms and improved business environment encourage investment in agriculture, says World Bank
Egypt seeks to unlock third tranche worth $1bn of World Bank loan
Sahar Nasr discusses releasing the disbursement before the year-end
World Bank sends $125m to CBE as part of development of Upper Egypt loan
We are looking to start the implementation of the programme immediately, we subjected it to a thorough review and discussed with a delegation from the bank: El Saeed
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 …
Egypt awaits 3rd tranche worth $1bn of World Bankâs loanÂ
World Bank sees economic reforms taken by the Egyptian government as spectacular
Egypt budget deficit to hit 8.8% of GDP in FY 2017/18: World Bank
A recent report issued by the world bank has expected Egyptâs budget deficit to stand at 8.8 percent of GDP by the end of the current fiscal year The improvement in the budget deficit was attributed by the bank to the reforms made in the energy subsidies system and the hike in tax revenues. In …
Sahar Nasr to attend World Bank annual meetings in WashingtonÂ
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 …
Tarek Amer named Central Bank Governor of the Year by IMFâs, World Bankâs GlobalMarkets
The selection was based on Amerâs role in reforming Egyptâs currency exchange system
Sahar Nasr, World Bank mission discuss signing third tranche before end of year
We are working to inject new investments in the areas most in need: Nasr
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 Â
New $1bn initiative by World Bank to enable womenâs entrepreneurship
The World Bank Group is launching a new facility to raise over $1 billion to fund womenâs 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 leadersâ summit that is currently taking place in the German city of Hamburg, …
Egyptâs GDP to grow 5.3% by 2019: WB
Forecast lower than the WBâs 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 Egyptâs 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
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 …
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
â â â â 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 loanâs 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
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 …
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 oneâs 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 Bankâs 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
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 …