Egypt continues a process of political transition. Following President Hosni Mubarak’s ouster in February 2011, free parliamentary and presidential elections were held and Mohammed Morsi became president with almost 52% of the vote. A newly drafted constitution was confirmed in a referendum in December 2012. In June 2013, mass demonstrations against President Morsi erupted.
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Currently, the Bank’s portfolio in Egypt includes 24 projects from IBRD for a total commitment of $4.6 billion. The projects are concentrated on power, transport, financial sector, agriculture, social sectors, water and sanitation and the environment.
The project objective is to improve the management and disposal of targeted stockpiles of obsolete pesticides, including Persistent Organic Pollutants (POPs) and Polychlorinated Biphenyl (PCBs), in an environmentally sound manner. Read More »