World Bank delegation to visit Egypt next week

A delegation from the World Bank Group chaired by its vice president Hafez Ghanem will visit Egypt next week to discuss cooperative programmes with Egypt.

Ghanem made these remarks during a meeting with the 40th Door-Knocking delegation members from the American Chamber of Commerce (AmCham), which are currently visiting Washington, in the presence of Shantayanan Devarajan, Chief Economist of the bank’s Middle East and North Africa Region.

The delegation is set to meet with Egypt’s Minister of Finance Amr el-Garhy, Minister of Investment and International Cooperation Sahar Nasr, Minister of Education Tarek Shawky, Minister of Health Ahmed Rady, and Minister of Electricity Mohamed Shaker.

It will tackle World Bank’s participation in some projects that aimed to combat poverty and achieve social justice in Egypt, Ghanem added.

The current portfolio of the World Bank in Egypt includes 26 projects with a total commitment of $5.92 billion, according to the organization’s data.

The World Bank finances several projects in Egypt, including projects related to energy, transport, water and wastewater, agriculture and irrigation, population and health, and social safety nets. It also supports employment-intensive projects and finances small- and medium-sized enterprises.