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2016-11-09 18:55:00

WBG WANTS MORE EGYPT

WBG WANTS MORE EGYPT

According to WBG, the World Bank welcomes Egypt's recent economic and social reform measures including the floatation of the currency, measures to boost investment especially in Upper Egypt, adjusting energy prices to reflect market conditions, and strengthening the social safety net.

The package of reforms announced by the government would help create jobs and revitalize the economy. They would boost the competitiveness of Egyptian businesses, support export growth, attract new foreign investment, free public resources for priority growth and social programs, and support incomes for the poor and the vulnerable.

"This is an ambitious program of reforms with a strong focus on job creation and on social measures to support the incomes of the poor and the vulnerable," said Dr. Asad Alam, World Bank Country Director for Egypt. "In particular, we are pleased to support the government's social protection efforts especially in the expansion of the Takaful program which already reaches about 4.5 million people in extreme poverty, new investments for job creation in Upper Egypt, as well as through labor intensive works for the youth and for women."

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Earlier:

EGYPT: 

WBG BUYS EGYPT 

SAIPEM CONTRACT: $1.5 BLN 

ROSNEFT LNG FOR EGYPT 

EGYPT & SAUDI INVESTMENT FUND 

EGYPT SEEKS MONEY

 

WBG: 

WBG BOUGHT UKRAINE 

PAKISTAN IS BETTER FOR WBG 

WBG BUYS BELARUS 

WBG BUYS EGYPT 

WBG WANTS CENTRAL ASIA

 

Tags: WBG, EGYPT, GAS, PRICES

Chronicle:

WBG WANTS MORE EGYPT
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U.S. IN EUROPE

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WBG WANTS MORE EGYPT
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TOTAL IN RUSSIA: THE LARGEST

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