The local currency devaluation has impacted the real Gross Domestic Product (GDP) growth of a number of …
David Malpass
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BanksFeatureFinancial InstitutionsInternational NewsNews
World Bank raises global economic growth slightly in 2023
by Nada Aliby Nada AliThe World Bank (WB) President David Malpass expected on Monday during spring meetings 2023 that the global …
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David Malpass, president of World Bank, and Kristalina Georgieva, managing director of the International Monetary Fund (IMF) …
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BanksInternational NewsNews
Russia considers challenge to U.S. World Bank nominee
by Sama Mousaby Sama MousaWorld Bank (WB) said on Tuesday that Russia is consulting with its allies about challenging the U.S. …
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BanksEgypt NewsFeatureFinancial InstitutionsNews
World Bank grants $9.13mln to support Egypt’s climate change efforts
by Nada Aliby Nada AliWorld Bank has secured a $9.13 million grant from the Global Environment Facility (GEF) to expand the …
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BanksFeatureInternational NewsNews
World Bank to hire new president by May
by Sama Mousaby Sama MousaThe World Bank said on Wednesday that it will hire a new president by May, since the …
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BanksFeatureFinancial InstitutionsInternational NewsNews
World Bank may loosen loan ratio to relieve $4bln a year
The World Bank may change its lending guidelines to free up $4 billion in lending capacity each …
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World Bank President David Malpass announced on Wednesday that he informed the board of his intention to …
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BanksFeatureInternational NewsNews
World Bank cuts 2023 economic growth forecasts to 1.7%
by Nada Aliby Nada AliThe World Bank (WB) slashed its growth forecasts for most countries and regions to 1.7 percent for …
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BanksEgypt NewsFeatureMoneyNews
World Bank forecasts Egypt’s GDP growth at 4.5% this year
by Yomna Yasserby Yomna YasserEgypt’s economy is expected to grow 4.5 percent in the financial year 2022/2023, which started last July …