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Foreign reserves are facing major challenges by the beginning of 2016; repaying installments of foreign debts, covering local demand for dollars
500,000 inhabitants in 79 villages in Kafr El-Sheikh to benefit from the project
1.5m acres reclamation project on top of government agenda
“Without rapid, inclusive and climate-smart development, together with emissions-reductions efforts that protect the poor, there could be more than 100 million additional people in poverty by 2030,” the Bank said in a report.
World Bank highly considers giving $3bn loan to support budget, the first since 25 January Revolution
Grant to support part of the Ministry of Petroleum’s mega project of delivering natural gas to approximately 1.2m households during current FY
Developing mass transportation and eliminating informal sector are two main hurdles facing Cairo transport system, says Alain Flausch
A government official expects improvement after economic reforms are implemented
Economic hurdles such as poverty and shortage of skilled workers will slow sector’s growth
Government officials said Egypt requested $2bn loan from World Bank
The World Bank delivered financing methods for reconstruction efforts, says Nasr
Programmes and projects funded by the European Commission are tackled with Deputy Director General, Katerina Mathernova
Finance minister will also attend meetings with high-level officials in international financial institutions and credit ranking institutions
World Bank will provide assistance to countries that host refugees such as Jordan, Lebanon, Tunisia and Egypt
The MoU is part of Egypt’s efforts to benefit from the World Bank’s expertise in developing the investment environment.
The fund will serve 155 villages and will be provided in two phases based on the results of each phase, says housing minister
Budget Law requires amendments, citizens to be provided with state budget, says Hany Dimian
Sahar Nasr affirmed that the ministry is working on receiving needed financing for national development projects
She was Country Coordinator for Finance & Private Sector Development in the World Bank from May 2011 to June 2014.
Visit comes to support Egypt in reaching financial inclusion
Ministry of Finance dedicates EGP 74.1m for operation of non-economic railway lines and student subscriptions, says Abdel Fattah
Natural gas delivered to approximately 6.9m residential units from programme’s start until end of FY 2014/2015
Growth in emerging markets and developing countries will reach 4.2% in 2015, down from 4.6% in 2014, expects IMF
Initiative aims to deepen dialogue with developing countries and develop diagnostic tools for member countries to evaluate and strengthen tax policies
Government revision on budget included lower targeted budget deficit, lower spending and higher revenues
Uncertainty still surrounds the financing of mega-projects, World Bank said
The World Bank expects increase of economic growth in Egypt to reach 4.5% by 2017
International banking Financial Inclusion Summit 2015 ends in Budapest
The most prominent obstacle real estate investors complain of is the current scarcity of lands, which is the reason for price hikes.