World Bank

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.

Mashat: World Bank, AIIB funds to Egypt hit $720M

Mon, 06 Dec 2021 - 07:45 GMT

These remarks were made by Mashat during her participation on the second day of the 7th round of Banks' Chief Executive Officers (CEOs) under the title of "How the Egyptian Economy Survived the Trap of International Recession".

WB: Egypt’s health insurance 1st system meets world standards

Sun, 28 Nov 2021 - 01:21 GMT

It is restructure and revamp to the health insurance system, and having a full support from President Abdel Fattah El Sisi, he added.

Shoukry, World Bank’s Malpass discuss Egypt’s distinguished economic performance

Wed, 10 Nov 2021 - 10:54 GMT

Egyptian Foreign Minister Sameh Shoukry and the President of the World Bank Group, David Malpass, discussed on a phone call Wednesday the state's development efforts and distinguished performance indicators of the Egyptian economy.

Egypt’s planning minister, World Bank delegation discuss future cooperation plan

Mon, 08 Nov 2021 - 01:52 GMT

The minister gave an overview of ongoing projects.

Interview with World Bank's team: $360M loan aims to enhance Egypt's macrofiscal sustainability, private sector and gender inclusion

Thu, 28 Oct 2021 - 01:26 GMT

The program focuses on three thematic pillars, including: enhancing macro-fiscal sustainability, enabling private sector development, and fostering women’s economic inclusion.

Egypt identifies 4 main pillars to enhance World Bank's role in supporting middle-income countries

Wed, 20 Oct 2021 - 04:13 GMT

​This came during Minister Al-Mashat’s participation in the Arab Governors meeting with the World Bank Group’s President, David Malpass.

Int'l financial institutions should assume bigger role in funding mega development projects: Rania el-Mashat

Fri, 15 Oct 2021 - 02:22 GMT

The international community and financial institutions should assume a bigger role in funding mega infrastructure projects through soft loans and blended and innovative financing, Minister of International Cooperation Rania el-Mashat said Friday.

Egypt’s planning minister, World Bank delegation discuss future cooperation plan

Thu, 16 Sep 2021 - 03:54 GMT

El-Said pointed to the second phase of the national economic reform program.