World Bank: Egypt in good position to attract more investments

The Minister of Investment and International Cooperation, Sahar Nasr, discussed Egypt’s priorities in the coming period with Ashish Khanna, the bank’s lead energy specialist at the World Bank (WB), according to a statement.

The WB mission expressed its optimism about economic reforms taken by the Egyptian government, confirming the bank’s support for the country which is in “good position to attract more investments”.

Both officials discussed possible cooperation in the field of investment policy along with supporting the private sector’s role in the country’s economic and social development, in addition to enhancing the bank’s efforts in improving climate for private sector and foreign investors.

The WB has earlier approved a 500-million-dollar loan for the development of Upper Egypt.

Source: Mubasher