The meeting, which was held via video conference, was also attended by the ministers of international cooperation and environment.
Informal workers are being particularly impacted and have no access to formal social protection schemes.
Each state must respect the sanctity of international treaties affirmed in Vienna Convention on the Law of Treaties signed in 1969, the professor of general international law stipulates.
Minister of International Cooperation announced Wednesday the approval of the World Bank's Board of Executive Directors to provide Egypt with $400 million.
This is part of the emergency response project to address coronavirus pandemic; to support the Egyptian government’s efforts to implement the universal health insurance system.
The World Bank's Board of Executive Directors on Tuesday approved a USD 400 million project to boost the comprehensive health insurance system in Egypt.
A meeting for irrigation ministers of Egypt, Sudan and Ethiopia on Wednesday has agreed to resume negotiations and reach a final agreement that takes into consideration the mutual interests of the countries involved, as well as international resolutions a
Minister Al-Mashat stated, "increased coordinated action to expedite healthcare spending and pave the way for an inclusive post-COVID economic recovery is a national priority."
Okasha said the Sudanese move brings the matter to its proper path, which relies on cooperation and negotiation.
The meeting was attended by officials from World Bank (WB), IFC, European Investment Bank (EIB), European Bank for Reconstruction and Development (EBRD) and African Development Bank (AfDB).
Egypt's Cabinet approved, Wednesday, proceeding with the measures needed to obtain concessional financing from the World Bank to help support the country’s health insurance system.
The cabinet also approved authorizing the Egyptian Railway Authority to make limited agreements with a number of foreign specialized companies.
The report showed that Egypt achieved a growth rate of 5.6 percent in the 2018/19 fiscal year, upping from 5.3 percent in the fiscal year 2017/18.
Minister of International Cooperation Rania al-Mashat participated Friday in a meeting titled "Mobilization for Africa" within World Bank/IMF Spring Meetings 2020.
Minister of International Cooperation Rania al-Mashat participated Friday in the video conference of the development committee.
The meeting was with more than 100 professionals representing heads of country offices, development professionals from bilateral partners as well as multilateral development organizations.
"The World Bank is mobilizing quickly to support Egypt’s emergency response activities and the implementation of a preventive plan to confront the COVID-19 outbreak," said Marina Wes.
Malbas added that the poorest countries should be allowed to focus their resources on their health responses to the current crisis.
The fund also targets to strengthen the capacity of the Social Housing Fund and support real estate finance in designing policies and coordinating programs in the social housing sector.
Minister of Environment Yasmine Fouad and Minister of Planning Hala el Saaed probed Thursday with a mission from the World Bank a project to combat air pollution and climate change impacts.