World Bank

Government raises price of staple bread once more in Lebanon
Middle East

Government raises price of staple bread once more in Lebanon

BEIRUT (AP) — For the seventh time in a year, Lebanon’s economy ministry announced on Saturday new prices for bread,…
World Bank: Lebanon’s crisis among world’s worst since 1850s
Middle East

World Bank: Lebanon’s crisis among world’s worst since 1850s

BEIRUT (AP) — Lebanon’s severe economic and financial crisis is likely to rank as one of the worst the world…
Ethiopia signs $907 mn financing pact with World Bank
World

Ethiopia signs $907 mn financing pact with World Bank

Ethiopia’s finance ministry signed a $907 million financing agreement with the World Bank on Friday geared towards improving access to…
Cash-strapped Sudan clears overdue payments to World Bank
Middle East

Cash-strapped Sudan clears overdue payments to World Bank

CAIRO (AP) — The Sudanese government said Friday it cleared all of its overdue payments to the World Bank, a…
World Bank threatens to stop funding Lebanon’s COVID-19 vaccines after reported violations
Middle East

World Bank threatens to stop funding Lebanon’s COVID-19 vaccines after reported violations

BEIRUT (Reuters) – The World Bank threatened to suspend financing for Lebanon’s COVID-19 vaccination drive in its second week after…
World Bank approves cash assistance to crisis-struck Lebanon
Middle East

World Bank approves cash assistance to crisis-struck Lebanon

BEIRUT (AP) — The World Bank approved a $246 million loan to Lebanon to provide emergency cash assistance to nearly…
US, Sudan agree to settle African country’s World Bank debt
Middle East

US, Sudan agree to settle African country’s World Bank debt

CAIRO (AP) — The US and Sudan on Wednesday agreed to settle the African’s country’s debt to the World Bank,…
Sisi approves $500 mn housing loan agreement with IBRD
Egypt

Sisi approves $500 mn housing loan agreement with IBRD

Egypt’s President Abdel Fattah al-Sisi issued a decreeon Wednesday approving a US$500 million loan agreement between Egypt and the International…
World Bank warns of ‘prolonged depression’ in Lebanon
Middle East

World Bank warns of ‘prolonged depression’ in Lebanon

BEIRUT (AP) — Lebanon’s economy faces an “arduous and prolonged depression,” with real GPD projected to plunge by nearly 20…
Egypt launches first green bonds in Middle East and Africa, worth US$750 mn
Business

Egypt launches first green bonds in Middle East and Africa, worth US$750 mn

Egypt’s International Cooperation Minister and the Governor of Egypt at the World Bank, Rania al-Mashat said that Egypt has succeeded…
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