World Bank

The World Bank said, on Wednesday, it had approved a new $7 billion partnership agreement with Egypt for 2023-2027 with a focus on boosting private sector jobs, provision of...

Without China's participation in joint efforts in debt restructuring, it is not possible to quickly ease the burden on many debt-distressed countries. However, even if not impossible, it is...

Over a decade on, the Syrian regime has tortured thousands of people and many families still do not know the fate of their loved ones.

Lebanon has to audit its state electricity company among other reforms the World Bank has required before it will consider funding Lebanon's worn-down electricity sector, the Bank's regional Vice- President, Ferid Belhaj, said on Tuesday,...

The UAE has withdrawn its bid to host the 2026 World Bank and International Monetary Fund meetings and will instead support Qatar's bid, Reuters has reported. The details were...

Egypt, one of the world's largest wheat importers, has given notice it will withdraw at the end of June from a decades-old UN grains treaty, causing consternation among some...

The World Bank has said it is suspending future work with Tunisia after widespread reports of racist violence. The violence follows a speech made by President Kais Saied in...

The deadly earthquakes that hit Turkiye and Syria last month caused about $5.1 billion in direct physical damage in Syria, the World Bank said on Friday, furthering destruction in...

The International Monetary Fund's new loan agreement with Egypt leaves the economic rights of millions unprotected, Human Rights Watch (HRW) and DAWN have said. The $3 billion loan is...

It is the unfortunate – or fortunate, depending on one's propensity to autocracy – nature of every decentralised system in this modern age to become centralised under the scope...

A different type of energy transition has taken place at this year's World Economic Forum (WEF) meeting. Unlike 2021's COP26 climate conference in Glasgow, where oil and gas executives...

The World Bank has approved $1.69 billion in financing for flood relief projects in Pakistan, it said in a statement issued according to Reuters. The funds will be distributed...

The World Bank said, Tuesday, it is ready to provide Lebanon with a finance package valued between $300 and $500 million to cover social and sustainability needs, Anadolu News...

A group of international bodies have signed a $6.2 million project to support Egypt's presidency of COP27. In November, heads of state, ministers, journalists and more will gather in...

The world is unlikely to meet the goal of ending extreme poverty by 2030, according to a new World Bank study. The bank's Poverty and Shared Prosperity report showed...

"The Tunisian economy is on a growth path that is slightly lower than what was previously expected," the World Bank warned in a new report, as the country's budget...

Egypt and the World Bank are discussing activating a $500 million food security agreement to help tide the country over as it struggles to deal with the repercussions of...

The World Bank will provide the World Food Program (WFP) with $100 million to address food insecurity in Sudan, the WFP said on Wednesday, Anadolu News Agency reports. The...

The Lebanese parliament approved a loan agreement with the World Bank on Tuesday worth $150 million to secure wheat supplies. The agreement comes as the country witnesses an unprecedented...

The World Bank has agreed to provide the UN's World Food Programme with $100 million for an "emergency safety net project" to address food insecurity in Sudan, it said...

World Bank Vice President for Middle East and North Africa, Ferid Belhaj, has reiterated the financial body's readiness to continue supporting Tunisia's economic reform and development efforts. This came in...

A report by a risk consultancy has said that rising fuel and food prices are set to stoke a rise in civil unrest in developing middle income countries, with...

While international news headlines remain largely focused on the war in Ukraine, little attention is given to the horrific consequences of the war which are felt in many regions...

The World Bank, on Wednesday, signed a $400 million loan agreement with Tunisia to help the country mitigate the impact of the COVID-19 pandemic, Anadolu News Agency reports. The...

The Central Bank of Morocco, the Foreign Exchange Authority and the Capital Market Authority have called on Moroccans to comply with laws that prohibit the use of cryptocurrency. The...

Tunisia's President Kais Saied has told the World Bank that an audit commission will be established to search for funds which have been looted or are otherwise unaccounted for....

The World Bank will lend Tunisia about $400 million to finance social reforms, the government said yesterday, Reuters reports. After a meeting with Prime Minister Najla Bouden, the World Bank Vice...

The memorandum of understanding signed between Jordan and the US that was signed in February 2018 ends this month, it pledged to provide $1.275 billion annually in bilateral foreign...

The World Bank blasted Lebanon's ruling class on Tuesday for "orchestrating" one of the world's worst national economic depressions due to their exploitative grip on resources, Reuters reports. The...

Lebanon has a confessional power-sharing system where representative numbers, political positions and power distribution are pre-determined among the religious groups in the country. There are 18 recognised religious communities...

Gaza is still suffering "from a particularly difficult economic situation with very high unemployment and deteriorating social conditions", the World Bank warned in a report this week. The report highlights the...

USAID and the International Cooperation Ministry has said that the US is giving Egypt seven grants worth $125 million to support education, health and other development projects. The news...