Egypt and World Bank officials met o discuss future areas of cooperation with the World Bank and the ongoing portfolio of projects, as well as the current negotiations within the framework of the development policies financing framework and the second phase of the structural reforms that the government of Egypt is implementing.<\/p>\n
The Minister of International Cooperation, Rania El-Mashat, met with Marina Wes, the World Bank Group\u2019s Country Director for Egypt, Yemen and Djibouti,<\/p>\n
The meeting comes within the framework of the periodic meetings El-Mashat holds with multilateral and bilateral development partners, to develop and support economic relations between Egypt and its partners, advancing Egypt\u2019s Vision 2030 and supporting the UN\u2019s 2030 sustainable development goals (SDGs).<\/p>\n
During the meeting, they discussed current projects that are implemented within the framework of the strategic partnership between Egypt and the World Bank in 2021. Last March, the World Bank approved a development financing worth $400 million to support Egypt\u2019s plan to develop the infrastructure of the transportation sector and enhance its sustainability through developing the country\u2019s railways.<\/p>\n
They also tackled the development of the ongoing negotiations with the World Bank Group on obtaining development policy financing to support the second phase of structural reforms that the government of Egypt seeks to implement to achieve economic growth; which is based on three pillars: enhancing financial sustainability, pushing for green recovery, enhancing private sector\u2019s engagement in development efforts, and enhancing women\u2019s engagement in the economy.<\/p>\n
The minister applauded the successful cooperation between Egypt and the World Bank, which supports Egypt\u2019s efforts to achieve development across several sectors, including transportation, housing and utilities, environment, health, and many other fields of cooperation. El-Mashat also noted that in 2020, the development financing agreements signed with the World bank across different sectors amounted to $1.5 billion.<\/p>\n","protected":false},"excerpt":{"rendered":"
\u00a0Egypt and World Bank officials met o discuss future areas of cooperation with the World Bank and the ongoing portfolio of projects, as well as the current negotiations within the framework of the development policies financing framework and the second phase of the structural reforms that the government of Egypt is implementing.<\/p>\n","protected":false},"author":4,"featured_media":320127,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[24],"tags":[64],"class_list":["post-322396","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development-partners","tag-world-bank"],"yoast_head":"\n