United Nations Development Group

The World Bank is planning to give Egypt more than $6 billion in financial assistance over the next three years to help it meet its development priorities, the Washington-based lender has announced 

"Over the coming three years, the World Bank Group intends to provide more than $6 billion of support to Egypt," the development lender said in a statement.

BELGRADE - An International Monetary Fund (IMF) mission will visit to Serbia on Thursday for a third review under an arrangement Serbia has with the international financial institution, with the first meeting to be held at the National Bank of Serbia (NBS).

The IMF delegation will be headed by Mission head Donal McGettigan.

Bulgaria is gearing up to nominate Kristalina Georgieva for a second term as the head of the International Monetary Fund (IMF), according to Dimitar Radev, the governor of the Bulgarian National Bank (BNB) and the governor of the IMF for Bulgaria.

Egypt has secured an additional $5 billion in IMF loans, after the central bank hiked interest rates and allowed the pound to plunge by nearly 40 percent.

The Central Bank's decision to raise the key deposit rate to a record 27.25 percent caught the market by surprise.

The bank also committed to "allowing the exchange rate to be determined by market forces."

Prime Minister Kyriakos Mitsotakis is scheduled to meet with the UN High Commissioner for Refugees, Filippo Grandi, on Monday at 5 p.m. at Maximos Mansion.

The meeting comes amidst humanitarian concerns regarding Israel's full-scale military operations in Gaza.

Turkish first lady Emine Erdoğan has engaged in discussions with United Nations Development Program (UNDP) head Achim Steiner on the sidelines of the Sustainable Development Goals Forum at a Dubai summit.

DUBAI - Serbian PM Ana Brnabic met on Monday in Dubai with International Monetary Fund (IMF) Director Kristalina Georgieva, who congratulated her on Serbia's economic success.

The International Monetary Fund (IMF) has lifted its economic growth forecast for the Turkish economy for 2024 from a previous 3 percent to 3.1 percent.

In its updated World Economic Outlook report released on Jan. 20, the IMF kept its 2025 forecast for Türkiye unchanged at 3 percent.

The World Bank approved $300 million in financing for Ghana on Jan. 23 to help support the African country's recovery from its worst economic turmoil in years.

Leaders and influencers from across the globe have convened in Davos for the World Economic Forum, focusing on crucial topics such as artificial intelligence, disinformation, conflicts in Gaza and Ukraine, the debt crisis, and climate issues.