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Fuel subsidies phasing out faces significant challenges which must be faced: WB

According to the recent report issued by the Energy Sector Management Assistance Programme (ESMAP) which is administrated by the World Bank (WB), Egypt’s economy was adversely affected by a growing energy deficit, in the aftermath of the Arab Spring , slowing economic growth, increasing poverty, and socioeconomic transition. Egypt faced growing fiscal pressures. With fossil …

Daily News Egypt

Sinai development tops Nasr, Al-Saeed meeting agenda with WB

Egypt’s minister of investment, Sahar Nasr, and minister of planning, Hala El-Saidd discussed Sinai development projects, and how can the World Bank(WB) aid in completing such goals, during their meeting with the WB officials in Washington DC on Saturday. The meeting focused on the different ways that the WB and the International Finance Cooperation (IFC) …

Daily News Egypt