World Bank urges Egypt to make reforms before investor conference

A senior World Bank official on Monday called on Egypt to implement promised legal and bureaucratic reforms ahead of an international conference in March where the government hopes to attract more than $12 billion in investments.

The government has said for months it would amend investment regulations and create a one-stop-shop to help foreign investors avoid the country's bureaucracy.

But investors say they have only seen the general outlines of those reforms and need details before they can plan new investments or expand existing ones in an economy battered by political turmoil since a 2011 uprising.