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Egypt News & Views

  • Egypt’s economic activity is gaining momentum. Growth accelerated to 5.6% during the first half of FY15, compared to a dismal 1.2% in the same period last year. The recent spike in economic activity reflects favorable base effects, but more importantly broad based sector recovery, especially in tourism and manufacturing. This first Egypt Economic Monitor provides an update on key economic developments and policies over the past six months.  Read More »

  • “Greater regional integration has a vital role to play in helping countries move beyond conflict. We must begin preparing for peace and economic opportunities in the Middle East, and we must invest in the region’s greatest untapped asset – its youth and its women.”- World Bank Group President Jim Yong Kim speaking at the Tripartite Summit in Egypt Read More »

  • A Housing Project to Benefit 1.6 Million Poor Egyptians

    Egypt needs about 300,000 new homes a year. Relatively little building, houses left empty, and low incomes have led to informal housing. The new US$500 million Inclusive Housing Finance Program will improve access to home ownership and rental property for low-income households. More than 3.6 million people should benefit, including 1.6 million people living below the Household Poverty Line. Read More »

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