CAIRO - 29 January 2023: Egypt’s ongoing development cooperation portfolio with the World Bank Group (WBG) comprises 14 projects worth approximately $7 billion, according to the Ministry of International Cooperation. The Ministry elaborated in a statement that the portfolio is spread across several priority sectors, along with 23 technical support, advisory and capacity-building projects. This comes alongside joint efforts to enhance private sector participation in development through cooperation with the International Finance Corporation (IFC) and the Multilateral Investment Guarantee Agency (MIGA); both members of the WBG. On Sunday, The Minister of International Cooperation, Rania A. Al Mashat met with the World Bank Group (WBG) Regional Director for Equitable Growth, Finance and Institutions Nadir Mohammed to discuss efforts to stimulate the private sector and finalize the 2023-2027 Country Partnership Framework (CPF). The Minister discussed the measures and efforts undertaken by the Government of Egypt to enhance resilience, green transformation and gender equality.

Source: Egypt Today January 29, 2023 17:40 UTC