WBG Launches an Online Platform to Define Egypt Priorities for the Coming Five Years
June 01-September 30, 2014Egypt

The World Bank Group (WBG) launches its new consultations website and survey for Egypt as part of the ongoing public consultations which will help develop the Group’s Country Partnership Framework (CPF) with the Arab Republic of Egypt during the period of 2015-2019.

The consultations website is an online platform where Egypt’s government, civil society, NGOs, youth, academia and other partners, such as the private sector and the donor community, define the priorities on which the cooperation between the WBG and Egypt must concentrate during the implementation of the CPF. It contains background information on previous and current engagement, and details for the consultations.

The online survey will help the WBG understands the main challenges facing Egypt as well as the areas where the World Bank Group can help.

The CPF defines the development priorities on which the WBG will focus its cooperation with the Government of Egypt, as well as, the level and type of support that it mobilizes for the benefit of the country over a given period. 

It is a joint strategy of the three WBG institutions - the World Bank, International Finance Corporation (IFC) and the Multilateral Investment Guarantee Agency (MIGA) - and will build on their respective strengths and areas of expertise.

The World Bank portfolio in Egypt includes 24 projects for a total commitment of US$4.6 billion as well as 43 trust funds grants for a total commitment of US$190.2 million. The World Bank finances projects for faster delivery of benefits to the people of Egypt in key sectors including energy, transport, water and sanitation, agriculture and irrigation as well as health and education.

Between FY11-FY14, IFC committed over US$1 billion in 17 projects. IFC has a total portfolio of around US$1 billion in 34 projects as of December 2013, the largest in MENA region. IFC investments include: financial markets, chemicals, oil and gas, agribusiness, manufacturing and health care sectors.

World Bank Group Launches Consultations with Partners for New Country Strategy- Press Release- March 5, 2014