Egypt


bicusa.org/egypt Home Regions Middle East and North AfricaEgypt Egypt Overview Key Issues Problem Projects Updates Resources Contacts RSS Update \| 3 November 2008 As World Bank Group commitments in the MENA region reached over $3 billion in 2008, questions about its effectiveness remain The World Bank Group is adhering to its pledge for greater engagement in the Middle East and North Africa. However, data on the development impacts on the poor are lacking, while other data suggest that many Bank projects in the region are at risk. Read more Update \| 27 October 2008 IFC payment disclosures revisited The International Finance Corporation's (IFC) website on extractive industries government payment disclosure has made progress, but certain gaps in data availability remain. Read more Update \| 2 October 2008 New irrigation project in Egypt’s West Delta raises critical questions about the World Bank’s priorities in reducing poverty The project will divert water from the Nile to the reclaimed lands in the West Delta region, while the introduction of the private sector for the first time in Egypt could leave small farmers behind. Read more Update \| 8 July 2008 World Bank signs new emission reductions purchase agreement in Egypt The World Bank will buy 325,480 tons of carbon credits from Egyptian Company for Solid Waste Utilization (ECARU) on behalf of governments and companies in Organisation for Econmic Co-operation and Development (OECD) countries. Read more Update \| 20 June 2008 BIC's MENA program organizes third workshop in Egypt The workshop introduced BIC's work to Egyptian media and civil society organizations, and focused on the activities of the international financial institutions in the country. Read more Update \| 19 June 2008 Islamic Development Bank joins efforts to alleviate food crisis Jeddah-based development institution announces $1.5 billion contribution toward food security programs in its member countries. Read more Update \| 29 May 2008 World Bank sets up $1.2 billion facility for food aid The World Bank announced today that it has set up a financing facility in the order of $1.2 billion to assist with the global food crisis. Read more Update \| 17 January 2008 Did the World Bank and the IMF use false statistics to build their economic success story in Egypt? A report issued by the Egyptian Central Auditing Organization accuses the Egyptian government of using misleading financial statistics. Read more Update \| 30 November 2007 BIC now has an Arabic page for its MENA program! Partners and readers from the Middle East and North Africa region can now access information on BIC's MENA Program in Arabic. Read more Update \| 27 September 2007 World Bank applauds Egypt's pro-investment reforms as workers go on strike Egypt tops list of reformers in World Bank's 2008 "Doing Business" report. Read more Update \| 1 August 2007 WB, IMF and AfDB-backed program to privatize Egyptian banks arouses controversy The Egyptian government is facing criticism from members of its parliament over plans to sell off the country’s publicly owned banks. The plan to privatize several national banks within the framework of an $8.7 billion financial sector reform program has the backing of the World Bank, the International Monetary Fund, the African Development Bank and US Agency for International Development. Read more Update \| 19 July 2007 Controversy in Egypt over discounted gas to Spain Sale of gas from EIB-financed LNG plant in Egypt at discount prices raises questions about who benefited from the deal. Read more Print this page Email this page		Search Regions Africa Asia Europe/Central Asia Latin America Middle East and North Africa See also African Development Bank European Investment Bank in Africa International Finance Corporation International Monetary Fund Multilateral Investment Guarantee Agency World Bank (IBRD & IDA) Middle East and North Africa Stay Informed! Sign up for our e-newsletters. SignUp

	Last updated 19 November 2008 © 2008 Bank Information Center Website content may be freely reproduced as long as BIC is credited as the source.