Egypt, World Bank clinch deal to upgrade national statistics

By Amwal Al Ghad English On Dec 19, 2019

Egyptian Minister of Investment and International Cooperation Sahar Nasr

Egypt’s Investment Ministry and the state-run statistics agency CAPMAS signed on Tuesday with the World Bank Group an assistance deal worth 2.5 million Egyptian pounds ($155,882) among the country’s national strategy to upgrade statistics.

Minister of Investment and International Cooperation Sahar Nassr said the agreement was signed to in order to better evaluate all economic and business sectors in Egypt, and to track the implementation of sustainable development objectives.

Nasr added that the assistance agreement will also help build the capabilities of the group that has been assigned to prepare Egypt’s national strategy for the upgrade.

For her part, Marina Wes, World Bank country director for Egypt, Yemen and Djibouti, expressed her support for the agreement, saying it will help Egypt make the right policy decisions.

Wes added that the national strategy on upgrading statistics is the first of its kind in the country and will improve the lives of Egyptians.

Sahar Nasr and World Bank’s country director for Egypt Marina Wes (R) at the signing event

Source: Ahram Online