PRESS RELEASE May 3, 2019

New World Bank Group President on Visit to Egypt

CAIRO, May 3, 2019 — World Bank Group President David Malpass will arrive in Cairo Saturday, May 4 for a two-day working trip focused on the Egyptian economy. This will be the first visit to Egypt for Mr. Malpass since becoming president of the World Bank Group in April of this year.

During his two-day visit to Egypt, the World Bank Group President will meet with government officials and parliamentarians on the progress of the Egyptian reform program and how the World Bank Group can best contribute.

Egypt’s success is critical for the stability of the region”, said World Bank Group President David Malpass. “We welcome President Sisi’s implementation of powerful reforms while recognizing the need for further progress including on subsidies, governance, debt transparency, and state-owned enterprises. Egypt has a tremendous opportunity to strengthen its economy by expanding the private sector – including energy, tourism and agri-business – to create more jobs and higher living standards. The World Bank Group looks forward to participating in the next vital phase of the reform program, including support for education, health care, social protection and poverty reduction, so that growth benefits everyone.”

Mr. Malpass will also travel to Aswan to visit the Benban Photovoltaic Solar Park, which will be the world’s largest solar park once complete. The visit to Aswan will include meetings with beneficiaries of the Takaful and Karama social safety net program. The program, which now reaches over 2 million of the country’s most vulnerable households, and the Benban Solar Park illustrate the close collaboration between Egypt and the World Bank Group.

 


Contacts

Cairo
Jeremy Hillman
+1 (202) 367-6438
jhillman@worldbankgroup.org
Cairo
Maissa Abdalla
+2 0100 57 55256
mabdalla@worldbank.org
Washington
Nicole Frost
+1 (202) 458-0511
nfrost@worldbankgroup.org
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