Kampala – Report – Reda Helal: The World Bank has released the 25th edition of the Uganda Economic Update, providing a comprehensive assessment of the country’s economic performance in FY2024/2025 and its prospects as commercial oil production approaches. Strong Growth with Brighter Prospects Ahead According to the report, Uganda’s real …
Read More »Egypt’s Minister of Planning Meets World Bank Officials to Strengthen Partnership and Support Development Plans
Cairo – Reda Helal H.E. Dr. Rania Al-Mashat, Minister of Planning, Economic Development, and International Cooperation, received Ms. Anshula Kant, Managing Director and Chief Financial Officer of the World Bank Group, at the Ministry’s headquarters in the New Administrative Capital. The meeting was attended by Mr. Stephane Guimbert, World …
Read More »US Treasury Secretary says IMF and World Bank need reform
Muhamad Yehia.. Cairo Treasury Secretary Scott Bessent said the institutions “serve critical roles in the international system. And the Trump administration is eager to work with them — so long as they can stay true to their missions.” The US Treasury Secretary Scott Bessent levelled harsh criticism at the operations …
Read More »World Bank cuts 2024 growth forecast for Sub-Saharan Africa over Sudan
Muhamad Yehia .. Sudan The World Bank has lowered its prediction for sub-Saharan Africa’s economic growth this year to 3%, down from 3.4%. The main reason for this drop is the civil war in Sudan, which has badly hurt the country’s economy. However, the region is still expected to grow …
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موقع وجه أفريقيا موقع وجه أفريقيا هو موقع مهتم بمتابعة التطورات في القارة الأفريقية