World Bank president praises Egyptian economic reform program

CAIRO – 24 April 2017: World Bank President Jim Yong Kim praised the progress made by the Egyptian government in boosting the investment environment and the efforts it exerts to attract more investment, according to a Monday press release from the Ministry of Investment.

Kim’s remarks came during the African Group ministerial meeting held on the sidelines of the IMF and World Bank spring meetings in Washington, D.C., in the presence of Minister of Investment Sahar Nasr.

During the meeting, Nasr praised the World Bank’s efforts to sustain Egypt's economy, embodied in its keenness to implement development projects and strengthen the role of the private sector.

Nasr spoke during the African Group’s meeting, where she stressed the importance of helping African countries cope with the climate changes which undermine the African strategy for desired sustainable development.

She also called on the World Bank to introduce a tangible plan to help Africa adapt to these changes and provide what is needed to limit their impact and consequently reduce the intensity of global warming.