DUBAI – President of the World Bank Group (WBG) Ajay Banga said he is looking forward to continuing cooperation with Egypt, which, he noted, is working hard on economic reforms and its initial public offering (IPO) programme.
Those efforts are meant to support the private sector, Banga said during a meeting with Prime Minister Moustafa Madbouli Monday on the sidelines of the World Government Summit 2024 in Dubai.
The meeting took up several cooperation files, with focus on the important role played by the WBG’s International Finance Corporation (IFC) as a strategic IPO advisor to the Egyptian government, said Cabinet spokesman Mohamed el Homosani.
They also discussed ways to continue support for the private sector and increase its contribution to State public investments to reach 65 percent of the total volume, he added.
