Cairo – Eco – Fady Labib
: Today, President Abdel Fattah El Sisi met with the President of the World
Bank Group, David Malpass.. The President congratulated Mr.
Malpass for assuming his new post and expressed his appreciation for choosing
Egypt to be among the first countries to visit ...
The President confirmed the
keenness to continue the fruitful cooperation between Egypt and the World Bank
to assist the country's developmental endeavors. This is in addition to the
importance that Egypt attached to developing relations with the World Bank
Group, as one of Egypt's most important partners for development, as well as
expanding cooperation to include many projects across different developmental
fields. The President emphasized that the state is adopting an approach that
depends on good management and making the best use of available financial
resources to realise development.
Mr. Malpass confirmed
Egypt's key role in Africa and the Middle East and noted its success in
overcoming challenges with a strong political will and the people's solidarity,
including the implementation of the comprehensive economic and social reform
program that resulted in positive outcomes. These include increasing growth
rates, reducing the budget deficit, decreasing unemployment rates and
controlling inflation. This is in addition to implementing a number of mega
national projects to push forward development efforts, setting Egypt as a
successful example for achieving security and stability. Mr. Malpass applauded
the achievements and projects that he has seen firsthand during his visit to Egypt,
especially the Benban project for solar energy. He also confirmed the World
Bank's keenness to continue implementing and developing cooperation programs
with Egypt, in addition to assisting the developmental projects in Africa in
light of Egypt's chairmanship of the African Union.
The meeting reviewed the
latest developments pertinent to implementing the economic reform program and
progress achieved in the sectors of energy, health, education and the
infrastructure and housing, especially building 250,000 units to accommodate
nearly one million people living in unsafe areas and the positive results this
project yielded in terms of providing a decent life as well as contributing to
countering terrorism and extremism that exploit the harsh living conditions.
President El Sisi and
Mr. Malpass discussed steps implemented in the framework of the social safety
net to alleviate the burden on the citizens, being one of the main pillars of
the economic reform program. The meeting also touched on progress made on the
national projects that offer job opportunities especially to the youth, reshape
Egypt's developmental map and attract more investment. This is while taking
into account that these efforts are carried out in tandem with efforts to
restore security and stability, counter terrorism, and control the borders as
well as Egypt undertaking its active role in its unstable regional surrounding.
They also discussed
means to develop cooperation between Egypt and the World Bank across various
fields, especially the infrastructure, in addition to completing an integrated
and advanced system for human development, working on the development of the
neediest areas, implementing the technical support programs to assist the
government's restructure efforts so as to encourage industry and export
activities and to increase the percentage and value of private and foreign
investment. This is in addition to cooperating in the sectors of health,
education, SMEs, new and renewable energy, digital economy, transport, agriculture
and water desalination and treatment.
No comments:
Post a Comment