World Bank delegation to visit Egypt in ‘few weeks’: minister

A senior delegation from the World Bank will be visiting Egypt in the coming few weeks to follow up its projects, Egyptian Minister of Investment and International Cooperation Sahar Nasr announced Wednesday.

The delegation will also discuss potentials of taking part in new projects in line with the Egyptian government’s economic reform programme, Nasr added.

The Egyptian minister made these remarks following her meeting with Jim Yong Kim, World Bank President, Hafez Ghanem, the bank’s Vice President for the Middle East and North the World Bank Group, and Mirza Hassan Executive Director for Egypt and the Arab Group, in Washington. Nasr discussed with the World Bank officials the bank’s current portfolio in Egypt, in health, education, and energy sectors.

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