World Bank: Egypt has potential to be a regional economic hub

Hasan made his statements in an exclusive interview with Ahram Online during his current visit to Egypt; just a few days after the World Bank Group (WBG) approved a $360 million development policy financing (DPF) loan for Egypt that aims to support the country’s second wave of economic reforms.

Speaking to Ahram Online, Hasan said that his visit to Egypt aims mainly to cement the WBG’s strong partnership with the government of Egypt and renew its commitment to supporting Egypt’s second wave of reforms through the WBG’s new strategy for the coming five years: ‘The Country Partnership Framework (CPF) FY2022-26.’

It also aims to discuss Egypt’s key development priorities and potential World Bank support related thereto.

During his visit, Hasan met with Prime Minister Mostafa Madbouly and the ministers of education, petroleum, international cooperation, planning, and economic development.

“The WBG is keen to support Egypt’s next wave of economic reforms through its new CPF, which follows the country’s priorities and the results of the World Bank’s Systematic Country Diagnostic’s (SCD) recent report that was published last month,” said Hasan.