Media ININ Economy We Trust
Media IN/Abu-Dhabi/ 08-05-2019: CAIRO
World Bank President David Malpas affirmed the Bank’s support for the Egyptian government’s efforts to continue the process of economic reform and the promising opportunities in the Egyptian market in various economic and social fields aimed at reducing poverty and unemployment and improving living conditions.
The world Bank president in his statement said that Egypt has carried out strong reforms and has promising opportunities to strengthen its economy, create jobs and attract investments in the fields of energy, tourism and agriculture.” The Bank’s portfolio of projects in Egypt was 26 projects with a total funding of $ 6.6 billion .
The President of the World Bank also pointed out that Egypt needs $ 50 billion of investments from the private sector, appreciating the efforts of President Abdel-Fattah al-Sisi of great efforts in this regard to create the legislative environment and support small entrepreneurs and entrepreneurs.
He continued to say that world Bank can not control the global economic growth rate, but it plays a catalytic role in developing countries, noting that stability and security are essential components of economic growth in any country.
