World Bank officials to visit Egypt to discuss new development projects

Mohamed Samir
2 Min Read

A meeting between Hafez Ghanem, the World Bank vice president for the Middle East, and Egyptian Minister of Investment and International Cooperation Sahar Nasr took place on Wednesday in the US capital, Washington.

The minister discussed with the leaders of the World Bank the activation of the agreement reached during the meeting of Al-Sisi with Jim Yong Kim, president of the World Bank Group, with regards to improving the levels of cooperation between the two sides, strengthening the role of the private sector, and supporting Egypt’s efforts to attract more foreign direct investments.

Moreover, they agreed to provide the necessary support to advance the role of the private sector in the process of economic and social development in Egypt, as well as the strengthening of the role of the bank in improving Egypt’s investment climate and ensuring the sustainability of the process of national development.

The two sides discussed ways and means the World Bank is contributing to improving microfinance in Egypt. They also discussed ways of increasing opportunities for investment and employment for women and youth, as well as promoting an entrepreneurial culture.

The minister reviewed with senior officials of the World Bank various development projects of the World Bank in Egypt, especially in the sectors of health, education, and energy, where they agreed that a number of World Bank officials visit Egypt during the coming weeks to follow up on the existing projects and discuss a number of new projects commensurate with the development priorities of Egypt.

Share This Article
Mohamed Samir Khedr is an economic and political journalist, analyst, and editor specializing in geopolitical conflicts in the Middle East, Africa, and the Eastern Mediterranean. For the past decade, he has covered Egypt's and the MENA region's financial, business, and geopolitical updates. Currently, he is the Executive Editor of the Daily News Egypt, where he leads a team of journalists in producing high-quality, in-depth reporting and analysis on the region's most pressing issues. His work has been featured in leading international publications. Samir is a highly respected expert on the Middle East and Africa, and his insights are regularly sought by policymakers, academics, and business leaders. He is a passionate advocate for independent journalism and a strong believer in the power of storytelling to inform and inspire. Twitter: LinkedIn:
Leave a comment