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Tuesday, 24 January 2023

Madbouly wants the World Bank to get a move on

Prime Minister Moustafa Madbouly called for finalizing the World Bank’s development finance program with Egypt “as early as possible” in a meeting with bank representatives yesterday, according to a statement by the cabinet. The meeting discussed joint programs, including strengthening the country’s social safety net. The bank recently approved a USD 500 mn loan to expand the Takaful and Karama program in response to the economic crisis.

CIA in town: US Central Intelligence Agency Director William Burns met with President Abdel Fattah El Sisi and intelligence chief Abbas Kamel yesterday in Cairo, where they discussed ways to boost cooperation on the security and intelligence fronts, according to an Ittihadiya statement.

Regional CIT links: Egypt inked separate MoUs with the governments of Palestine and Somalia to cooperate in IT, telecoms, and postal technology. (Statement | Statement)

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