World Bank President Jim Yong Kim takes to the stage to deliver remarks at the plenary session at the IMF-World Bank annual meetings at Constitution Hall in Washington October 10, 2014. REUTERS/Jonathan Ernst World Bank President Jim Yong Kim takes to the stage to deliver remarks at the plenary session at the IMF-World Bank annual meetings at Constitution Hall in Washington October 10, 2014. REUTERS/Jonathan Ernst

Local development min. reviews Upper Egypt program with WB

By: MENA
Mon, Sep. 10, 2018
CAIRO - 10 September 2018: Local Development Minister Mahmoud Shaarawy met Monday with a delegation of the World Bank's Sustainable Development Department, led by chairman Ashish Khanna.

The meeting took up a local development program in Upper Egypt, particularly the governorates of Qena and Sohag, which is partially funded by the World Bank.

The World Bank is contributing 500 million dollars worth of a loan to fund the program.

They also discussed a program to develop the Sinai peninsula, which is still being outlined by the government.

Shaarawy praised efforts exerted by all the ministries concerned with the development programs.

Prime Minister Moustafa Madbouli has already approved a 2019-2020 plan of action, Shaarawy said, praising the level of implementation of programs outlined for the current fiscal year.

Developing Upper Egypt is a top priority of the political leadership, the minister said, stressing the need to abide by deadlines of projects meant to improve services offered to citizens.

Those projects also help create direct and indirect jobs for residents, Shaarawy added.

The World Bank delegation was pleased with steps taken by the Local Development Ministry in order to fulfill requirements that the international financial institution finds necessary to implement the planned projects in Sohag and Qena.

The World Bank delegates said they are looking forward to contributing to a Sinai development program with the aim to achieve a quantum leap on the peninsula. (MENA)
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