Global economy expected to expand by 4% in 2021, recovery to be subdued: WB
The global economy is expected to expand by 4 percent in 2021, after a 4.3 percent contraction in 2020, on the…
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World Bank
World Bank urges more steps for Egypt to boost private sector investment
The World Bank Group on Monday urged Egypt to introduce more transparency about the state’s economic activity, a…
IFC in talks with Egypt’s sovereign fund to tap into investment opportunities
The International Finance Corporation (IFC), part of the World Bank, is in talks with Sovereign Fund of Egypt to…
World Bank to provide $500 million loan to upgrade Egypt’s Imbaba-Alex railway
The World Bank will provide a $500 million soft loan to upgrade Egypt’s Imbaba-Alexandria railway project,…
Egypt is obliged to pay $20 bln for external debts in FY2020/21, World Bank
Egypt has $20 billion as external debt obligations that are to be paid in the current FY2020/2021, according to the…
Remittance inflows to Egypt continue increasing despite global decline, World Bank says
The World Bank expected that the remittances of the Egyptians, working abroad, would hit 24.4 billion dollars by…
World Bank sees Egypt’s GDP growing 3.5% in FY20/21
The World Bank is projecting that Egypt’s gross domestic product (GDP) will grow by 3.5 percent in fiscal year…
World Bank says COVID-19 pushes 3 million people in MENA to extreme poverty
Three million more people are projected to be in extreme poverty in the Middle East and North Africa (MENA) due to…
World Bank praises Egypt’s economic reforms in 2019
The World Bank has praised Egypt's economic reforms that contributed to improving the macroeconomics stability,…
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,…