Prime Minister Moustafa Madbouli on Monday met with World Bank Group chief (WBG) Merza Hussain Hasan and Ambassador Rajial-Etreby, Alternate Executive Director of the WB for Egypt and Arab countries.
Minister of International Co-operation Rania el-Mashaat attended the meeting.
The prime minister stressed the importance of strengthening international efforts to achieve the UN Sustainable Development Goals (SDGs), especially since the world realises the significance of these goals in view of the negative impacts of the coronavirus pandemic.
The premier reviewed national projects jointly implemented with the WB, including the Local Development Programme in Upper Egypt, and the WBG’s Country Partnership Framework (CPF), which will serve as a roadmap for future co-operation.
The CPF aims to make our country-driven model more systematic, evidence-based, selective, and focused on the bank’s twin goals of ending extreme poverty and increasing shared prosperity in a sustainable manner.
Madbouli also discussed the high-speed electric railway, bus rapid transit (BRT), and the monorail, which are regarded as top priority green and smart transport solutions.
The prime minister spoke about green hydrogen production projects being in Egypt which attract local and foreign investors and business people.
“The state is working hard to support the private sector to push development forward by offering incentives and creating an investment-friendly environment,” the prime minister said.
Egypt seeks to keep pace with the international progress in meeting the challenges of climate change, the premier added, pointing out that Egypt is preparing to host the 27th Conference of the Parties (COP27) in 2022.
The government attaches great importance to the presidential rural development initiative Decent Life, which will attain all sustainable development goals for 58 per cent of the Egyptian people in rural areas nationwide.
For his part, the WBG chairman lauded measures adopted by Egypt to confront the Covid-19 pandemic, as well as economic and structural reforms to date, which have increased WB confidence in the Egyptian economy.
While the WB is looking forward to expanding the horizons of co-operation with Egypt, working together to achieve prosperity and welfare for society is of paramount importance as are modern educational and training systems to prepare a the workforce compatible with the requirements of local and international labour markets, the WBG chairman said.
He expressed appreciation for Egypt’s efforts in the green transformation and noted that international companies are currently seeking to invest in green projects.