Egypt, World Bank discuss extending Country Partnership Framework

Rania Al-Mashat, Minister of International Cooperation and Governor of Egypt at the World Bank Group, has met with the team responsible for the World Bank’s Development Policy Financing (DPF) loan programme.

The team comprises Marina Wes, Country Director for Egypt, Yemen, and Djibouti; Mark Eugene Ahern, World Bank’s Lead Country Economist, and Mohamed Hisham El-Shiaty, Senior Private Sector Specialist.

The Minister discussed with the World Bank team extending the Country Partnership Framework (CPF), in order to maintain the momentum and build on the strong progress achieved over the course of the 2015-2019 CPF and its two-year extension that followed.

Al-Mashat noted that as Egypt is taking significant and rapid steps to achieve Egypt’s Vision 2030, ​​the Ministry is gearing towards achieving the following pillars: 1)​promoting a more inclusive economy for Egyptian businesses, women and youth, 2)​accelerating Egypt’s green economy transition and anchoring CPF DPF’s prior actions to be serving the environmental, sustainable, and social sectors particularly in light of COP26, 3)​enhancing Egypt’s competitiveness by supporting private sector growth and strengthening governance.