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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.
Total funding from the World Bank has reached $5.4bn over 25 projects, according to World Bank Former Country Director for Egypt, Yemen and Djibouti Hartwig Schafer.
Bids include developmental projects in New Cairo, Beni Suef and New Aswan
Poverty rates are still high, especially in Upper Egypt
Loan will support Egypt in creating “Solidarity and Dignity” cash support programme, says cabinet statement
The World Bank is financing Egypt with five loans for developmental and services projects this year.
CBE allocates EGP 10bn to revive mortgage initiative, expected to be spent within 12 months, says Deputy Governor