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2016-09-09 14:00:00

WBG BUYS EGYPT

WBG BUYS EGYPT

WBG wrote, The World Bank today disbursed US$ 1 billion to Egypt for the First Fiscal Consolidation, Sustainable Energy, and Competitiveness Programmatic Development Policy Financing (DPF). This is the first in a programmatic series of three annual development policy finance loans to Egypt in the context of the World Bank Group's Country Partnership Framework (CPF) for 2015-19. The CPF provides for a total World Bank Group support of about $8 billion during this period supporting vital sectors in the economy in order to reduce poverty and boost shared prosperity.

DPF supports the country's inclusive economic reform program. Key to this are efforts to create jobs, spur growth, and attract new investment. This is to be achieved through an enabling economic environment that puts public finances on a more sustainable footing, supports energy security, efficiency, and investment, and helps improve the business environment for small and medium enterprises through cutting red tape, reducing barriers to entry, and promoting better competition policies.

"We welcome the World Bank's support of the transformational economic reform agenda of the government. This operation is a central part of the World Bank's support to help Egypt realize its full potential and raise the living standards of all its people," said H.E. Dr. Sahar Nasr, Egypt's Minister of International Cooperation who also represents Egypt on the World Bank's Board of Governors.

"We are pleased to partner with Egypt in implementing its own home-grown economic reform program necessary for creating decent jobs, helping attract private investment, and boosting growth," said Dr. Asad Alam, World Bank Country Director for Egypt, Yemen and Djibouti, who is based in Cairo.

The World Bank finances projects for faster delivery of benefits to the people of Egypt in key sectors including social safety nets, energy, transport, water and sanitation, agriculture and irrigation, housing, health, as well as supporting employment-intensive projects and financing for micro and small enterprises. The current portfolio of the World Bank in Egypt includes 24 projects for a total commitment of about US$ 7 billion.

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Earlier: 

EGYPT:

ENI SELLS ZOHR 

СПГ РОСНЕФТИ ДЛЯ ЕГИПТА 

EGYPT & SAUDI INVESTMENT FUND 

EGYPT SEEKS MONEY 

ENI DISCOVERS EGYPT

 

WBG: 

WBG: OIL PRICES $53 - $60 

WBG: 2016: OIL PRICES $43 

WBG: GLOBAL GROWTH DOWN TO 2.4% 

WBG WANTS CENTRAL ASIA 

WBG: INDIA'S HIGH GROWTH 

WBG WANTS INDONESIA 

WBG BUYS AZERBAIJAN

 

Tags: WBG, EGYPT

Chronicle:

WBG BUYS EGYPT
October, 20, 12:10:00

NORWAY'S PRODUCTION DOWN 171 TBD

NPD - Preliminary production figures for September 2017 show an average daily production of 1 772 000 barrels of oil, NGL and condensate, which is a decrease of 171 000 barrels per day compared to August.

WBG BUYS EGYPT
October, 20, 12:05:00

ЦЕНА URALS: $ $55,55881

Средняя цена на нефть Urals за период мониторинга с 15 сентября по 14 октября 2017 года составила $55,55881 за баррель, или $405,6 за тонну.

WBG BUYS EGYPT
October, 18, 19:10:00

OIL PRICE: ABOVE $58

Brent crude futures, the international benchmark for oil prices, were at $58.16 at 0643 GMT, up 28 cents, or 0.5 percent from their last close - and almost a third above mid-year levels. U.S. West Texas Intermediate (WTI) crude futures were at $52.03 per barrel, up 15 cents, or 0.3 percent, and almost a quarter above mid-June levels.

WBG BUYS EGYPT
October, 18, 19:05:00

РОССИЯ: БОЛЬШЕ НЕФТИ И ГАЗА

Александр Новак отметил рост основных показателей всех отраслей энергетики в прошлом году: «Мы имеем рекордные показатели за прошлый год по добыче нефти, угля. Идёт рост добычи и экспорту газа, в том числе в Европу на уровне 15 процентов. По углю мы наблюдаем рост добычи даже больше уровня прошлого рекордного года. Также отмечается рост производства электроэнергии на 2%, что говорит об оживлении экономики».

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