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…
