Egypt is stepping up co-operation with the World Bank Group to enhance the efficiency of public spending and advance economic reforms, as senior officials met on Monday to review key areas of collaboration under their strategic partnership.
Egypt’s Minister of Planning and Economic Development Ahmed Rostom and a visiting delegation from the World Bank Group, led by Regional Director Stephane Guimbert, explored ways to strengthen joint work across priority sectors.
The discussions focused on the Public Finance Review (PFR), a report being prepared by the World Bank in coordination with relevant ministries and national entities.
The report evaluates how public investments are planned and managed, and how resources are directed to support economic and social development.
Rostom highlighted the strong relationship between Egypt and the WBG, describing it as a comprehensive model for development partnerships. He noted that the PFR is a key diagnostic tool, assessing the efficiency of government projects, their alignment with national priorities, and their ability to generate jobs and support sustainable growth.
The government is keen to use such reports to advance economic reforms in line with Egypt Vision 2030, he added.
Discussions also covered efforts to improve investment management and introduce innovative financing mechanisms to reduce pressure on the state budget.
The two sides agreed to continue coordination through joint technical workshops to develop future co-operation, enhance public investment efficiency, and support new financing approaches, particularly in infrastructure, entrepreneurship, and economic empowerment.
