Egyptian currency devaluation impacts GDP growth rates- World Bank
The local currency devaluation has impacted the real Gross Domestic Product (GDP) growth of a number of countries,…
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David Malpass
World Bank raises global economic growth slightly in 2023
The World Bank (WB) President David Malpass expected on Monday during spring meetings 2023 that the global growth…
World Bank, IMF to discuss global economic state
David Malpass, president of World Bank, and Kristalina Georgieva, managing director of the International Monetary…
Russia considers challenge to U.S. World Bank nominee
World Bank (WB) said on Tuesday that Russia is consulting with its allies about challenging the U.S. nominee to…
World Bank grants $9.13mln to support Egypt’s climate change efforts
World Bank has secured a $9.13 million grant from the Global Environment Facility (GEF) to expand the scope of the…
World Bank to hire new president by May
The World Bank said on Wednesday that it will hire a new president by May, since the current president David…
World Bank may loosen loan ratio to relieve $4bln a year
The World Bank may change its lending guidelines to free up $4 billion in lending capacity each year to help…
World Bank president David Malpass to step down early
World Bank President David Malpass announced on Wednesday that he informed the board of his intention to resign by…
World Bank cuts 2023 economic growth forecasts to 1.7%
The World Bank (WB) slashed its growth forecasts for most countries and regions to 1.7 percent for 2023, compared…
World Bank forecasts Egypt’s GDP growth at 4.5% this year
Egypt’s economy is expected to grow 4.5 percent in the financial year 2022/2023, which started last July and ends…
Malpass at COP27 says half of World Bank’s climate financing is for adaptation
Around half of the World Bank's $32 billion of climate financing is for adaptation to climate change, president…
World Bank working on various programmes in Egypt to boost productivity
The World Bank is working on various programmes that would increase the productivity, President David Malpass said…
World Bank chief lauds Egypt’s efforts in combating coronavirus
World Bank President David Malpass on Wednesday lauded Egypt’s efforts in combating the coronavirus pandemic,…
World Bank: Coronavirus pandemic could push 60 million people into extreme poverty
The coronavirus pandemic and the resulting economic shutdown could push 60 million people around the world into…
World Bank unveils $12 billion immediate support for coronavirus-hit nations
The World Bank announced on Tuesday an initial package of up to $12 billion in immediate support to assist…
Coronavirus drives IMF, World Bank to hold ‘virtual’ spring meetings
The International Monetary Fund (IMF) and the World Bank said on Tuesday they would adopt a “virtual format” for…
World Bank: Egypt’s energy sector reforms alluring larger private investments
Egypt’s reforms in the energy sector have attracted more private investments to the market, said World Bank Group…
World Bank’s president, Egypt’s Nasr meet 30 women of micro projects in Aswan
Egypt's Investment Minister Sahar Nasr and World Bank's new President David Malpass met with 30 women who…
Egypt’s giant solar part seen fully operational in 2019 – ministry
Egypt expects the 1.6 gigawatt solar park it is building in the south of the country in Aswan to be operating at…
World Bank’s new president misses China’s Belt and Road summit for Africa trip
Around 40 world leaders and scores of finance officials, including International Monetary Fund Managing Director…
17 African countries already at high risk of debt distress, debt tansperency a must: WB
At the Spring meetings of the institutions on Thursday, newly-installed World Bank President David Malpass warned…
World Bank’s Malpass applauds Egypt reforms, says more jobs needed
World Bank Group President David Malpass on Thursday praised Egypt’s economic reforms, including efforts to reduce…
World Bank’s new Chief says won’t bring disruption
David Malpass, the newly installed president of the World Bank, said that he would bring continuity rather than…
U.S. Treasury’s David Malpass named World Bank president
The executive board of the World Bank on Friday unanimously approved David Malpass as the bank’s 13th president.
World Bank’s Malpass, Egypt have strong relationship: El-Etreby
World Bank's newly appointed president David Malpass has rather strong relationship with Egypt that will push…