The plan is to reduce short-term debt obligations and avoid paying billions in interest each year
The Egyptian government has been active in procuring loans in the past year, but where does Parliament stand in this process?
A deal with the World Bank for a US$1 billion loan could fall through if the Egyptian government does not adopt a value-added tax (VAT), documents exclusively obtained by Mada…
In April 2011, when the Arab Spring was still in its first bloom, then-World Bank President Robert Zoellick promised to usher in what he called “a new social contract for…
The Ministry of International Cooperation announced the transfer of US$1 billion, the first tranche of a World Bank loan, in a statement…
The World Bank board of directors has approved a US$1 billion budgetary support loan for Egypt, the bank announced Thursday evening. The loan is…
«Does it really matter whether austerity policies are dictated by the IMF, or are the result of officials in Egypt and Washington DC?»
You have a right to access accurate information, be stimulated by innovative and nuanced reporting, and be moved by compelling storytelling. Subscribe now to become part of the growing community of members who help us maintain our editorial independence.
Join us
