The World Bank (WB) is preparing for the second phase of Egypt’s budget support program, following the successful completion of the $500 million first phase in mid-2024.

The World Bank expects Egypt’s real gross domestic product (GDP) growth for fiscal year (FY) 2024/2025 to hit 3.5% and 4.2% in FY2025/26, according to the financial institution’s Global Economic Prospects report for January.

Minister of Planning, Economic Development, and International Cooperation Rania Al-Mashat and Minister of Investment and Foreign Trade Hassan El-Khatib have discussed the progress of the Foreign Direct Investment (FDI) Strategy in Egypt for 2025-2030 with a World Bank delegation.

The World Bank Group (WBG) has downgraded its projection for Egypt’s real gross domestic product (GDP) growth for the current fiscal year (FY) 2024/2025 to 3.5%, down from a previous forecast of 4.2% announced in June, according to Growth in the Middle East and North Africa MENA Economic Update.

The Egyptian petroleum sector is preparing for new investment opportunities aimed at attracting international partners and financing entities, such as the World Bank, to support production efficiency and sustainability in Egypt, Minister of Petroleum and Mineral Resources Karim Badawi announced in a meeting with a World Bank delegation.

The World Bank expects remittance flows to the Middle East and North Africa (MENA) region to see a moderate increase of 4.3% in 2024 to $58 billion.

The World Bank Group’s (WBG) board has approved a $700 million concessional financing to the Egyptian government.

The World Bank Group (WBG) has reaffirmed its forecasts for Egypt's real gross domestic product (GDP) growth, maintaining it at 4.2% for fiscal year (FY) 2024/2025 and 4.6% for FY 2025/26, as reported in the bank’s Global Economic Prospects Report for June.

The Ministry of International Cooperation is exploring the implementation updates of the Development Policy Financing (DPF) program and following up on the technical discussions of the Climate Resilient Agri-Food Transformation (CRAFT) project with the World Bank Group (WBG).

Egypt is expected to get $400 million from the UK over two years to help with its budget, Bloomberg reported, citing the Egyptian Minister of International Cooperation Rania Al-Mashat.

The World Bank Group (WBG) expects Egypt’s real gross domestic product (GDP) growth to rebound to 4.2% in fiscal year (FY) 2024/2025 and 4.6% in FY 2025/26.

The World Bank Group (WBG) has downgraded its projection for Egypt’s real gross domestic product (GDP) growth for the current fiscal year (FY) 2023/2024 to 2.8%, down from a previous forecast of 3.5%.

The World Bank Group (WBG) will provide a financing package of $6 billion to Egypt over the upcoming three years, Minister of International Cooperation Rania Al-Mashat revealed in a meeting with WBG’s Managing Director of Operations Anna Bjerde on March 18th.

Egypt is awaiting the World Bank’s announcement of $3 billion in financing next week as support for the state’s general budget, Economy Plus reported, citing Finance Minister Mohamed Maait.

The World Bank Group (WBG) is showing interest in financing new and renewable energies, notably green hydrogen, in Egypt, the WBG’s Vice President for Infrastructure Guangzhe Chen stated during his meeting with Egyptian Minister of Petroleum and Mineral Resources Tarek El-Molla.