Egypt, World Bank discuss joint strategic relations

Egypt, World Bank discuss joint strategic relations

CAIRO - 3 February 2022: The Minister of International Cooperation and the Governor of Egypt at the World Bank Group (WBG), Rania A. Al-Mashat, held a virtual meeting with the WBG’s Vice President of the Middle East and North Africa Ferid Belhaj, alongside the presence of the Dean of the Board of Executive Directors at the WBG, Merza Hasan; the Director of Strategy and Operations in the Office of the Vice President for the Middle East and North Africa in the WBG, Stefan G. Koeberle; the WBG’s Country Director for Egypt, Yemen and Djibouti, Marina Wes; the Alternate Executive Director for Egypt and Arab Countries at the WBG, Ragui El-Etreby; and representatives from the Ministry of International Cooperation’s team. The meeting addressed several important aspects in terms of the joint cooperation between Egypt and the WBG, such as preparing the Country Partnership Framework (CPF), future project across sectors, including in transportation, alongside consultations in preparation for the Country Climate and Development Report (CCDR) for Egypt, and the outcomes of development cooperation in 2021, which include the $360 million Development Policy Finance Framework, as well as discussions on the role of international partnerships in the Presidential Initiative “Hayah Karima” (Decent Life).