Egypt: Nasr Discusses Education, Transportation and Sanitation Support with WB Officials
Source: www.export-egypt.com 10/15/2017
Minister of Investment and International Cooperation, Sahar Nasr, met with the World Bank Vice-President for the Middle East, Hafez Ghanem and the WB Vice-President for Equitable Growth, Jan Walliser.
The meeting discussed WB financed projects in the transportation, education and sanitation sectors.
The meeting was held alongside the WB Annual Meeting in Washington, and was attended by Chairman of the Egyptian Financial Supervisory Authority (EFSA) Mohamed Omran, Chairman of the Egyptian Exchange (EGX) Mohamed Farid, Egyptís Executive Director at the WB Embassy Ragi el-Etreby, the Ministerís Senior Advisor for Economic Affairs Shehab Marzeban and the Ministerís advisor for Economic Affairsm, Nehal Helmy
During the meeting, Nasr briefed the WB officials on the governmentís economic reform efforts, noting that cooperation between Egypt and the WB was working well.
She emphasized prioritizing women in all programs and grants, to provide women with job opportunities and economic empowerment.
Both sides discussed the WBís support of the second phase of the sanitation project, in coordination with the Ministry of Housing, co-financed by the Asian Infrastructure Investment bank (AIIB).
Light was shed on the WBís provision of technical support to the Ministry of Electricity under the renewable energy projects, after the government adoption of policy that enhanced the private sectorís investments in renewable energy projects.
In addition, both groups tackled the means of the WBís contribution to promoting microfinance in Egypt, in a manner that would contribute to increased investment and job opportunities for youth and women, as well as encourage a culture of entrepreneurship.
Ghanem said that Egyptís economic reforms were great, highlighting the WBís full support of Egypt to promptly inject new investments into infrastructure and noted that Egypt was well-positioned to attract further investments.
Moreover, he expressed the WBís aspirations to provide the private sector with support, indicating that the Egyptian government worked very well in the Takaful and Karama Programs and that the WB was determined to support the Egyptian government to increase social safety networks.
He also ascertained the Bankís keenness on increasing support for youth and women and education projects in Egypt.
Both sides agreed that the WB would provide further support to increase the private sectorís role in the economic and social development process in Egypt, as well as enhance the WBís role in fostering an attractive climate for the private sector and foreign investments, while still ensuring the sustainability of national development.