World Bank

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...

The World Bank has approved a $360 million development policy financing (DPF) loan to support Egypt's post-pandemic recovery, the lender said yesterday, Reuters reports. "To further support achievement of the...

Turkey is getting nearly $3.16 billion from abroad to spearhead its climate-friendly projects, the nation's president said on Thursday, and reported by Anadolu News Agency. "We will use $3.157...

The Palestinian government faces a major financial problem in public finances and debt, World Bank President David Malpass said yesterday. "I was in the West Bank a week ago....

On Tuesday, 12 October 2021, the World Bank said that governments around the world have responded to the Covid-19 pandemic by launching massive tax, monetary and fiscal stimulus packages....

Egypt ranks fifth worldwide in underreporting coronavirus and first in the Middle East, according to a report published by the World Bank. According to the report, Egypt's ratio of...

On a recent afternoon, Lebanese cryptocurrency trader Mario Awad was sorting out the details of a $2 million deal with a high-profile customer – complete with a hotel stay...

The World Bank said 6% of the North Africa population could be displaced by climate change, in its damning Groundswell II report. The report laid bare the extent of...

Lebanon's caretaker minister of social affairs today announced the launch of cash subsidy cards for 500,000 families saying that negotiations were under way for them to be partly funded...

Egypt's petroleum minister said today he hoped to export Egyptian gas as soon as possible to Jordan to generate power that will supply Lebanon, Reuters reports. The minister made his remarks...

About 70 per cent of Yemenis are at risk of starvation, the World Bank said yesterday, at a time when the country's gross domestic product (GDP) has halved since...

Some $485 million are urgently needed for the immediate and short-term recovery of Gaza, a World Bank report revealed yesterday. The report, which was conducted in partnership between the...

Iraq Basra Gas (BGC) consortium has signed a $360 million loan agreement with the World Bank's International Finance Corporation (IFC) to help it reduce gas flaring across the south...