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The European Investment Bank, EIB, will finance up to €1.1 billion three metro projects in Egypt following an agreement with the North African country, Arab Finance reports citing a statement from the Egyptian government. The financing includes €138 million for Read more
The World Bank has approved a $500 million loan to Turkey to support small- and medium-sized enterprises (SMEs) affected by the covid-19 pandemic to keep afloat. The loan to be released under the Turkey Emergency Firm Support Project will be Read more
Japan Tuesday offered Tunisia €4 million earmarked for the fight against the covid-19 pandemic. The aid will also be used to bolster Tunisia’s heath sector through the identification of contagious diseases. Tunisia has so far reported 1,087 cases including 982 Read more
The World Bank has rubber-stamped a $100 million-loan to assist Turkey in the fight against covid-19 which has infected 112,261 according to health ministry figures. “The project is part of the World Bank’s $14 billion global Fast Track Facility announced Read more
The World Bank approved on Wednesday a $275 million loan for Morocco to enable the country better deal with the impacts of natural disasters and climate-related shocks, and to upgrade its institutional framework for disaster risk management. The loan will Read more
The World Bank forecasts Egypt’s economy would grow by 5.8% this fiscal year. The projection is lower than the government’s target of 6-7%. In a country note released last weekend, the World Bank inched up its growth estimate for Egypt’s Read more
The World Bank responded to strong demand from the Middle East and North Africa Region (MENA) during the financial year that ended on June 30th, 2019, with $5.47 billion in new commitments to invest in people, expand the private sector, Read more
Norway and Sweden contributed an additional total amount of $18.5 million to the Palestinian Partnership for Infrastructure Development Multi-Donor Trust Fund (PID fund) administered by the World Bank. The funds contributed by the Swedish International Development Cooperation Agency (Sida) amount Read more
Jordan Thursday received $1 billion in form of aid package from Saudi Arabia, United Arab Emirates (UAE) and Kuwait to support its lame-duck economy. Finance ministers of the three regional donors signed the agreements with Jordan on Thursday in capital Read more
The World Bank (WB) has granted Egypt a $1.15-billion loan, the third of the three annual loans signed up for by the North African country in its drive to conduct economic reforms. Egypt has signed up with the World Bank Read more