Egypt Holds Videoconference with IMF, WB Officials to Review Economic Plans

Egypt’s Minister of Planning Dr. Ashraf Al-Araby is holding a video conference Wednesday with officials from the World Bank and the International Monetary Fund (IMF), seeking to review the country’s economic development plan.

The video conference was in the presence of Karim Wissa – the Alternate Executive Director at the World Bank Group.

The Egyptian minister Al-Araby is set to tackle the ministry’s ongoing efforts to reach its plan for an economic and social development during the fiscal years from 2014/2015 to 2016/2017. The ministry is seeking to increase the participation of the country’s private sector and the civil society in drawing up, applying and following up as well its development plan.

Moreover, the video conference will address Egypt’s sustainable development strategy for the year of 2030 which is currently being prepared by the Ministry of Planning in collaboration with all the concerned entities in the state, including other ministries, organizations, private sector, civil society, intellectuals, and etc.

From the same vein, it is also expected that the video conference will discuss the major challenges that are haunting Egypt’s economy at the present time. It is likely to come up with adopting short and medium-term policies to overcome the country’s gruesome nightmares, notably unemployment and inflation.