World Bank’s chief praises Egypt’s economic resilience in meeting with foreign minister

World Bank President Ajay Banga praised Egypt’s economic resilience and efforts to improve its investment climate during a meeting with Foreign Minister Badr Abdel-Atty in Thailand on Tuesday, the Egyptian foreign ministry said.

The two officials met on the sidelines of the annual meetings of the International Monetary Fund and World Bank Group to discuss strengthening cooperation and supporting Egypt’s economic and development priorities, the ministry added in a statement.

Abdel-Atty outlined the government’s efforts to pursue economic and structural reforms, reinforce macroeconomic stability, and secure sustainable supplies of energy and essential commodities.

Banga welcomed Egypt’s measures to improve the investment climate, promote economic empowerment, and expand social protection. He also praised the country’s role in supporting regional stability and advancing sustainable development, according to the statement.