Egypt Delegation to discuss New Country Strategy at IMF-World Bank Spring Meetings

Egypt’s Minister of International Cooperation Naglaa Al-Ahwany is heading a government delegation to this year’s Spring Meetings of the World Bank and the International Monetary Fund (IMF) in Washington DC from April 16-19.

Minister Al-Ahwany will hold a series of joint meetings with officials from the World Bank Group to discuss the new partnership strategy which will guide the Group’s engagement in the country over the next five years.

The 2015-2019 Country Partnership Framework (CPF) aims at supporting Egypt’s development priorities consistent with the regional strategy of the World Bank Group in the Middle East and North Africa and the World Bank Group’s overarching goal of ending extreme poverty and boosting shared prosperity.

The current portfolio of the World Bank Group in Egypt includes 26 projects for a total commitment of US$5.4 billion in FY15, encompassing 17 lending operations for the International Bank for Reconstruction and Development (IBRD), part of World Bank, worth US$5.27 billion in addition to 9 major Trust Funds at value of US$139.6 million.