World Bank sees MENA economy contracting by 4.2% by end of 2020
The Middle East and North African region is expected to see a 4.2 percent contraction in economic growth by 2020…
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World Bank
World Bank extends strategic partnership framework with Egypt
The World Bank Group has agreed on Wednesday to extend its strategic partnership framework with Egypt.
World Bank approves $200 mn loan for Cairo ‘green recovery’ project
The World Bank has ratified a $200 million loan to improve Greater Cairo’s air quality, reduce emissions and…
World Bank mulls $640 mn loan to fund Egypt’s railway upgrades
The World Bank is studying $641.2 million loan to fund a project to improve safety provisions on the railway line…
World Bank cancels loan for Lebanese dam, effective immediately
The World Bank said it had cancelled $244 million in undisbursed funds for the Bisri Dam project in Lebanon after…
5 mln beneficiaries from World Bank-funded Upper Egypt development scheme
The number of beneficiaries of the Local Development Programme for Upper Egypt, primarily funded by the World Bank,…
Egypt, WB discuss project to manage air pollution in Greater Cairo
Egypt discussed with World Bank a $200 million project aim to limit the pollution problem and implement plans to…
World Bank’s IFC invests $10 million to support Egypt’s energy sector
The International Finance Corporation (IFC), a member of the World Bank Group, announced on Sunday the allocation…
World Bank to provide $400 million to support universal health insurance system in Egypt
The World Bank announced on Tuesday it would provide $400 million to boost universal health insurance coverage in…
WB downgrades Egypt’s GDP growth forecast to 3.0% during 2019/21
World Bank downgrades Egypt’s GDP growth forecast to 3.0 percent for the fiscal year ending this month.