World Bank
The World Bank stressed that the economic reforms carried out by Egypt will help overcome the effects of the current international crisis.
Egypt’s President Abdel Fattah Al Sisi met on Friday with Jake Sullivan National Security Advisor of the United States in Washington
Egypt’s President Abdel Fattah Al Sisi met on Friday with David Malpass President of the World Bank in Washington on sidelines of the US-African summit.
Mashat noted that the government receives final notes on the draft strategy from national bodies and ministries to be announced after the UN climate conference, COP27, a matter which represents a new chapter in Egypt-WB relations.
The approval came within the framework of development cooperation efforts between the Arab Republic of Egypt and multilateral and bilateral development partners to support the country’s development efforts In various fields.
Malpass pointed out that developing countries face difficult expectations regarding the rise in food, fertilizer and energy prices.
Egypt’s Ministry of International Cooperation reviewed, Monday within the 2022 International Monetary Fund and the World Bank Group annual meetings most Important aspects of the Development Cooperation between Egypt and the World Bank Group.
Planning and Economic Development Minister Hala el Saeed said in statements Monday that the global governance indicators measure the quality of governance for more than 200 countries.
This project will strengthen the railway network in Egypt, one of the largest railway networks in the African continent; enhancing the country’s green transition and move towards low carbon emissions.
He cited ventures in the areas of Bahr el Baqr, Hammam, Mahsama.
Worth $500 million, the deal is meant to boost Egypt’s efforts to help achieve food security and to strengthen the Egyptian economy in the face of repercussions of the war currently going on in Europe.
Earlier, Mashat held a meeting with 15 national bodies at the beginning of July to discuss the report's first draft.
The Emergency Food Security and Resilience Support Project will help cushion the impact of the war in Ukraine on food and nutrition security in Egypt.
Egyptian Minister of Local Development Mahmoud Shaarawy received a delegation from the World Bank Saturday, where they discussed topics of collaboration in the upcoming COP27 conference.
Egypt, Lebanon and Syria, on June 21, signed an agreement to transport 650 million cubic meters of gas annually from Egypt to Lebanon via Syria, in a ceremony held at the Lebanese Ministry of Energy in Beirut.
The Indonesian minister of finance visits the Sharm El-Sheikh Museum.
The bank had raised its forecast in April by 0.3 percent to reach 5.6 percent in January.
Egypt’s Foreign Minister Sameh Shoukry, discussed with a delegation of executive directors of the World Bank (WB) ways to strengthen relations between the two sides at various levels.
Mashat’s meeting with Nicholas Stern, chair of the Grantham Research Institute on Climate Change and the Environment at the London School of Economics, came on the sidelines of the 2022 Spring Meetings of the International Monetary Fund (IMF) and the World Bank Group (WBG) in Washington.
This came as she participated in the Intergovernmental G24 Ministers and Governors Meeting, which is being held in conjunction with the WBG and IMF’s 2022 Spring Meetings.
