“In Egypt, we're working on various country programs that would increase the productivity. Egypt faces challenges in the agriculture sector, in the logistics sector, in the tourism sector, in electricity, that they're making progress on, that we're working with them on, and I think there can be more focused effort that will extend to health care, as well”, he explained
Malpass made his comments in response to an Ahram Online question on how the WBG has been supporting Egypt’s health sector through 2021.
The question came during the virtual press briefing Malpass held on Wednesday from Washingotn DC, on the sidelines of the annual meeting between the WBG and the International Monetary Fund (IMF), which kicked off on Monday.
In this regard, the International Bank For Reconstruction and Development (IBRD), one of WBG’s financing arms, has provided $400 million to Egypt’s Universal Health Insurance system, out of the project's total cost of $2.4 billion.
On climate action, Malpass said that WBG has dedicated 35 percent of the total global commitments for actions that tackle climate change and enhance the green transformation.