Germany supports U.S. nominee Kim for second term as World Bank chief
Germany backed the U.S. nominee, Jim Yong Kim, for a second five-year term as World Bank President, a German…
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World Bank
World Bank current portfolio with Egypt hits $8 billion
World Bank’s current portfolio for Egypt stands at US$8 billion, including $6 billion for government projects and…
Moody’s: Egypt’s long-awaited approval of VAT “credit positive”
Moody's Investor Services has commended Egyptian parliament’s approval for the long-delayed value-added tax (VAT).…
Dcode concludes advising on World Bank’s Egypt SME financing scheme
Egyptian financial services firm Dcode has completed consulting for a World Bank-led financing programme worth $125…
Egypt Cabinet approves measures to receive $500 mln World Bank loan
Egyptian Cabinet has approved completing measures to receive a $500 million World Bank loan facility geared towards…
51% of Egypt’s external debt owed to seven countries: CBE
37.3 percent of Egypt’s external debt comes from the Arab countries, mainly Saudi Arabia, Kuwait, and the UAE, a…
Cairo governorate negotiating $570,000 grant from World Bank
Cairo governorate is negotiating a $570,000 grant from the World Bank to improve services provided for public…
World Bank approves expanding gas household access to 20 Egypt governorates
World Bank Group has approved to increase natural gas household access to 20 governorates across Egypt instead of…
WB grants Egypt just $1bn for budget support, $2bn for development projects
An agreement was conducted with the World Bank to use just $1bn to support the 9.8% budget deficit in fiscal year…
IFC current portfolio with Egypt nears $1.5 bln, in talks for more
The International Finance Corporation (IFC)’s, the investment arm of the World Bank, current portfolio for Egypt is…
