2023-2027 Country Partnership Framework bet. Egypt, World Bank endorsed Sunday
Egypt’s Prime Minister witnessed on Sunday evening a conference to endorse the 2023-2027 Country Partnership Framework (CPF) between Egypt and the World Bank Group.
This came in the presence of Mahmoud Mohieldin, the climate pioneer of the Egyptian presidency of the Conference of the Parties to the United Nations Convention on Climate Change (COP27) and the United Nations Special Envoy for Financing the 2030 Agenda for Sustainable Development, and a number of ministers and World Bank officials.
The new CPF was prepared through joint work and continuous discussions with all relevant parties from the national authorities as well as the private sector, and based on the studies that were prepared on the Egyptian economy and the private sector, as well as the country climate and development report that was launched during the COP27 climate conference.
It identifies opportunities, challenges, policies, and investment opportunities that can be implemented within five years, to increase the efficiency of using and allocating natural resources, reduce the effects of climate change on citizens and business institutions, and enhance Egypt's ability to compete.