World Bank Group

Parliament committee agrees to increase Egypt’s share of IBRD capital stock
Business

Parliament committee agrees to increase Egypt’s share of IBRD capital stock

The Egyptian House of Representatives’ Economic Affairs Committee approved on Sunday a presidential decree for increasing Egypt’s authorized share of…
Egypt’s poverty rate rises to 5% in 2019: World Bank official
Economy

Egypt’s poverty rate rises to 5% in 2019: World Bank official

The World Bank Group’s Senior Vice President for the 2030 Development Agenda, Mahmoud Mohieldin, said that Egypt’s poverty rate increased to five percent…
Sisi brings economic change for the better: World Bank President
Business

Sisi brings economic change for the better: World Bank President

President of the World Bank Group, David Malpass, said on Sunday that President Abdel Fattah al-Sisi has achieved economic and…
IFC launches program supporting financial technology startups in Egypt
Egypt

IFC launches program supporting financial technology startups in Egypt

IFC, a member of the World Bank Group, on Monday launched a program supporting the development of Egypt’s fintech space.…
International Finance Corporation to fund Egypt’s private sector with $2 bn by 2019
Business

International Finance Corporation to fund Egypt’s private sector with $2 bn by 2019

  The International Finance Corporation (IFC) is committed to financially support Egypt’s private sector with a $2 billion fund by…
IFC to invest in Egypt-based Sphinx Glass
Business

IFC to invest in Egypt-based Sphinx Glass

The International Finance Corporation (IFC), a member of the World Bank Group, announced on Sunday that it is investing in…
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