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BIC's MENA program has prepared a list of the projects that the World Bank is currently funding or preparing to fund in Egypt. The list provides a brief description of each project, in addition to an explanatory diagram that summarizes the World Bank's project cycles. An arabic version of the list will be published soon.

"It was particularly relevant then that this morning's sessions, which focussed on lessons for Europe from the global South, looked in some detail as to how the 'Third World debt' crisis had been created and prolonged by all manner of 'bail-out' and restructuring packages. We heard from representatives from Peru, the Philippines, Brazil, Morocco, Argentina, and Zimbabwe (virtually), who showed how their debt crises were used to force detrimental policies on their countries by institutions like the International Monetary Fund, which set back their economies for decades. "

omar effendi, world bank

Table shows estimated debts payment services to the World Bank from May 2011 to August 2030

By the same authorMarie-Christine Vergiat By the same authorGabi Zimmer By the same authorCADTM Press release 4 April 2011 by Marie-Christine Vergiat, Gabi Zimmer, CADTM Press release of Marie-Christine Vergiat (Front de Gauche) and Gabi Zimmer (Die Linke) MEPs and of the CADTM (Committee for the Abolition of the Third World Debt) Following a meeting held in the European parliament in Brussels organised by the CADTM (committee for the Abolition of the Third World Debt) and two MEPs from the GUE-NGL (European United Left-Nordic Green Left), Marie Christine Vergiat (Front de Gauche) and Gaby Zimmer (Die Linke), and several members of the European and national parliaments belonging to different political affiliations, are launching an appeal calling for the immediate suspension of the EU debt repayment by Tunisia (with frozen interests).

The loan, reported by state news media on Wednesday, appeared to be part of a broad public relations campaign. Faced with criticism of its reluctance to turn over power and its brutal treatment of protesters, the ruling military council is apparently trying to show it is helping alleviate Egyptians' financial distress.

A refinery expansion inside urban Cairo is receiving hundreds of dollars in "development" lending, despite a popular campaign against construction. The Mostorod Refinery Project - part-owned by private equity firm Citadel Capital - is situated in Northern Cairo, between Shobra El-Kheima and Mostorod.

"economic and political chaos"

"a critique of these financial packages needs to be seen as much more than just a further illustration of Western hypocrisy"

Eurodad partners and have released a new report on Tunisia, Egypt and Bahrain's debts to Norway During the winter of 2011 the world witnessed a political earthquake in North Africa and in the Middle East. The Arab spring raised several questions around debt cancellation and especially on debt legitimacy.

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The project abstract is drawn from the PAD, SAR or PGD and may not accurately reflect the project's current nature.**Total project cost includes funding from World Bank and non-bank sources in US$ millions. Active and Closed projects show commitment at Board approval. It does not reflect any cancellations.

"RAID-CADTM Tunisia BP 133 8020 Slimene Tunisia Tel/Fax: 00216 79 325 915 E.mail : fatcham@yahoo.fr"