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…
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World Bank Group
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 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…
World Bank board approves $500 million to expand social security in Egypt – minister
The executive board of the World Bank Group has approved $500 million in development financing to help Egypt expand…
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 launches climate, development report on Egypt at COP27
During the UN climate summit COP27 taking place in Sharm El-Sheikh, the World Bank launched on Tuesday the Country…
Egypt’s Hassan Abdalla: Climate change could add 132 million poor by 2030
Climate change poses a structural challenge that could drive around 132 million people around the world into…
Egypt negotiating $200 million loan from World Bank
Egypt is negotiating a 200 million loan from the World Bank to finance a project to link 6th of October dry port…
Egypt signs World Bank $330 million loan to upgrade rail network
Egypt’s ministry of transport has recently signed a $300 million loan agreement with the World Bank geared towards…