Egypt's experience in economic reform is a success

Dr. Hbadan Mirza, Dean of the Board of Directors and Executive Director of the World Bank, affirmed the bank's concern to fully support Egypt's economic and social reform plans.

Hbadan welcomed the positive results of the Egyptian economic reform program He described the experience of Egypt in economic reform as a "success story".

He stressed that Egypt has a lot of potential to implement development programs supported by the World Bank. He added that Egypt is one of the largest countries in the Middle East and North Africa region in terms of the size of the World Bank's portfolio. Stressing the Bank's concern to be a true development partner for Egypt in various sectors.
He explained that the Egyptian economy has already begun to take profits while economic reforms are going in the right direction. He pointed out that the World Bank is eager to provide technical support to Egypt by conducting studies on promising sectors in order to maximize their use in the service of the national economy and increase the GDP growth rate. .
In the field of developing legislation that has helped to improve the investment environment, which will have a considerable impact, especially to support small and medium enterprises and reduce the time necessary to enter the Egyptian market.
Economic reform and protection of low-income groups as part of social protection programs and the provision of various forms of support in many vital sectors such as education and the creation of social protection programs. more sustainable jobs vocational training and construction skills required by the job market. He welcomed the great attention given by the Government to the development of the most needy regions, especially in Upper Egypt.
He emphasized that understanding the demands of the economic reform process is the cornerstone of the success of economic reforms and development. He emphasized that Egypt had all the necessary infrastructure to make it a regional center for trade and energy exchange, with transmission lines and storage areas, as well as ports. and gas liquefaction stations.
Hbadan welcomed cooperation Positive relations between the World Bank and the Ministry of Electricity and Renewable Energy in the implementation of energy projects, noting that Egypt is currently implementing an ambitious plan to maximize the use of new and renewable energy sources. He appreciated the government's plans to strengthen cooperation with the private sector and the financial arms of the World Bank, such as the International Finance Corporation (IFC), which has already supported the creation of the Bennaban station in the governorate. Aswan. Mostafa Madbouli, Egyptian Minister of Finance, Tarek El Mulla, Egyptian Minister of Petroleum, Hala El Said, Minister of Planning, Monitoring and Administrative Reform, Mohamed Maait, Minister of Finance, and Sahar Nasr, Minister of Finance. Investment and International Cooperation. Nha investment card of Egypt.