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Tag: World Bank
Egypt’s Mahmoud Mohieldine re-elected executive director for Arab States at IMF
The International Monetary Fund, IMF, announced November 1 the re-election of Egypt’s ex-Minister of Investment, Mahmoud Mohieldine, as executive director and member of the board. ... Read More
World Bank urges Tunisia to carry out crucial fiscal reforms
Axel Van Trotsenburg, World Bank Managing Director of Operations Wednesday called on Tunisia to carry out crucial fiscal reforms which he claimed will put the ... Read More
MENA Region: Economies expected to grow by 5.5% in 2022 – World Bank
The economies of the Middle East and North Africa (MENA) region are expected to grow by 5.5% this year —the fastest rate since 2016—followed by ... Read More
A perfect storm: debt crisis looms for Ghana, other emerging economies in Africa
Ghana is a classic case of emerging economies in Africa and other parts of the world who have been caught in a perfect storm and ... Read More
Western countries should lift sanctions against Zimbabwe — African Union
The African Union (AU) reiterated its push for the United States, European Union, and United Kingdom to lift all sanctions against Zimbabwe at the United ... Read More
World Bank: Tunisia’s trade deficit continues to widen amid soaring inflation
The trade deficit in Tunisia widened by record 56% in the first semester of 2022, reaching 8.1% of GDP, while the budget deficit, exacerbated by ... Read More
Cameroon, Chad truckers protest dangerous roads, govt ban on heavy-duty trucks
Hundreds of truckers have stopped working on Cameroon's border with Chad to protest a ban on heavy trucking into Chad, which depends on Cameroon for ... Read More
Pandemic and Ukraine war are pushing Africa’s power companies to the brink
The COVID-19 pandemic and the ongoing war in Ukraine have been pushing many electric grid utilities in Africa — which have long been strapped for ... Read More
Morocco, WB Sign a $500 Mln financing agreement to strengthen human capital
Morocco and the World Bank have signed a $500 million financing agreement, representing the first tranche of a loan destined to strengthen human capital for ... Read More
World Bank loans Sudan $100m to combat deep food insecurity
The World Bank has released $100 million for the World Food Program to tackle “deep food insecurity” for 2 million people in Sudan. The Washington-based ... Read More