World Bank

Egypt, WB discuss activating food security agreement

Sun, 07 Aug 2022 - 03:52 GMT

Worth $500 million, the deal is meant to boost Egypt’s efforts to help achieve food security and to strengthen the Egyptian economy in the face of repercussions of the war currently going on in Europe.

Mashat discusses remarks of national authorities on development, climate report

Mon, 25 Jul 2022 - 03:21 GMT

Earlier, Mashat held a meeting with 15 national bodies at the beginning of July to discuss the report's first draft.

World Bank approves $500M in development financing for Egypt to support food security efforts

Wed, 29 Jun 2022 - 01:55 GMT

The Emergency Food Security and Resilience Support Project will help cushion the impact of the war in Ukraine on food and nutrition security in Egypt.

Local Development Min., World Bank talk topics of cooperation in COP27

Sat, 25 Jun 2022 - 01:06 GMT

Egyptian Minister of Local Development Mahmoud Shaarawy received a delegation from the World Bank Saturday, where they discussed topics of collaboration in the upcoming COP27 conference.

US welcomes Egypt-Lebanon-Jordan gas deal

Thu, 23 Jun 2022 - 12:03 GMT

Egypt, Lebanon and Syria, on June 21, signed an agreement to transport 650 million cubic meters of gas annually from Egypt to Lebanon via Syria, in a ceremony held at the Lebanese Ministry of Energy in Beirut.

National Museum of Egyptian Civilization receives 3 official delegations from Maldives, Indonesia, World Bank

Thu, 09 Jun 2022 - 11:34 GMT

The Indonesian minister of finance visits the Sharm El-Sheikh Museum.

World Bank raises its forecast for Egypt's economic growth to 6.1% in 2022

Tue, 07 Jun 2022 - 05:49 GMT

The bank had raised its forecast in April by 0.3 percent to reach 5.6 percent in January.

Egypt’s FM, WB delegation discuss strengthening relations at various levels

Mon, 06 Jun 2022 - 02:15 GMT

Egypt’s Foreign Minister Sameh Shoukry, discussed with a delegation of executive directors of the World Bank (WB) ways to strengthen relations between the two sides at various levels.

Egypt’s int’l cooperation min., LSE's Stern urge encouraging mobilization of climate finance at COP27 in Nov.

Mon, 25 Apr 2022 - 10:55 GMT

Mashat’s meeting with Nicholas Stern, chair of the Grantham Research Institute on Climate Change and the Environment at the London School of Economics, came on the sidelines of the 2022 Spring Meetings of the International Monetary Fund (IMF) and the World Bank Group (WBG) in Washington.

Egypt’s int’l cooperation min. urges continuous global cooperation to develop solution amid Ukraine crisis at G24 meeting

Sat, 23 Apr 2022 - 06:29 GMT

This came as she participated in the Intergovernmental G24 Ministers and Governors Meeting, which is being held in conjunction with the WBG and IMF’s 2022 Spring Meetings.

Egypt, World Bank discuss priorities on framework of strategic partnership 2023/27

Sun, 17 Apr 2022 - 02:54 GMT

The size of the current funding portfolio between Egypt and the World Bank is $5.5 billion directed towards 15 projects.

WB chief: For every 1% point increase in food prices, 10 mln people to fall into extreme poverty

Tue, 12 Apr 2022 - 11:33 GMT

“The war in Ukraine and its consequences are creating sudden shortages of energy, fertilizer, and food, pitting people against each other and their governments. Even people who are physically distant from this conflict are feeling its impacts.

Official at Ministry of Social Solidarity embezzles over LE400K from World Bank program Takaful and Karama

Sun, 20 Mar 2022 - 08:25 GMT

The former director of the Rehabilitation Administration at the Ministry of Solidarity will be tried over seizing money from the World Bank’s Takaful and Karama cash transfer program in Egypt.

Egypt discusses additional funds from WB for water rationalization projects

Thu, 17 Mar 2022 - 10:39 GMT

The visiting members praised the water management system in Egypt and the water reuse projects that have been and are currently being implemented.

Egypt, World Bank cooperates to enhance women’s representation in judiciary, build inclusive institutions

Tue, 01 Mar 2022 - 04:40 GMT

Minister Rania A. Al-Mashat: The appointment of 98 female judges is a transformative and historic step that will help to break gender stereotypes and broaden access to justice.

World Bank: Egyptian economy steadfast in face of pandemic

Wed, 23 Feb 2022 - 03:30 GMT

This came one year and a half after the outbreak of the pandemic in addition to reforms of the Egyptian energy sector over the past few years.

Egypt, World Bank chart roadmap for climate action, blended finance, COP27

Wed, 23 Feb 2022 - 01:44 GMT

The meeting included Ayat Soliman, Regional Director for the World Bank Group's Sustainable Development Department for the Middle East and North Africa, Marina Wes, World Bank’s Country Director for Egypt, Yemen and Djibouti, Robert Bou Jaoude, World Bank Operations Manager for Egypt, and Layali Abdeen, Senior Investment Guarantee Officer at MIGA.

Transport minister probes with WB delegation cooperation in transport domain

Tue, 15 Feb 2022 - 03:07 GMT

He said the political leadership is keen on cooperation with international development partners in the domains of environment-friendly green transport projects including the monorail and the light electric train.

World Bank launches new Egypt economic monitor focusing on progress towards digital transformation

Tue, 08 Feb 2022 - 02:30 GMT

The World Bank launched a new Egypt Economic Monitor, The Far-Reaching Impact of Government Digitalization, at an event co-organized with Egypt’s Ministry of International Cooperation. This report details the World Bank’s assessment of Egypt’s latest economic developments and outlook, and provides analysis focused on the government’s progress toward digital transformation.

Egypt, World Bank discuss joint strategic relations

Thu, 03 Feb 2022 - 03:45 GMT

For his part, the World Bank’s VP for the MENA, Ferid Belhaj congratulated the Ministry on releasing its 2021 Annual Report, noting that it documents a strong message regarding Egypt’s progress to achieving development through tangible, on-ground projects.