The core of discussions in a meeting between Egyptian Minister of International Cooperation, Dr. Rania Al-Mashat, and the Chief Economist at the World Bank’s Egypt office, Mr. Mark Ahern, and the Private Sector Development Officer, Mr. Mohamed Al-Shayati, was cooperation opportunities between the Egyptian government and the World Bank (WB).
The meeting aimed to enhance technical support for state-owned enterprises, boost the private sector, and implement the State Ownership Policy Document.
They reviewed progress in the World Bank’s study on foreign direct investment (FDI) in Egypt and the national strategy for industrial development and trade promotion.
These studies are crucial for the state to draw more foreign direct investments, localise industry across sectors, and reinforce collaborative efforts to meet Egypt’s goals and priorities, according to the statement.
“The two parties further discussed their continuous collaboration to boost the private sector’s role and foster an investment-friendly economic environment. This involves the World Bank offering technical assistance to the Council of Ministers’ Information and Decision Support Centre to execute the state ownership policy document introduced in 2022,” according to the statement.
