World Bank: Egypt's Experience in Economic Reform "Success Story"

– Mirza Hbadan, Dean of the Executive Board and Executive Director of the World Bank, described the Egyptian experience in economic reform as a "success story".
Hbadan He said that Egypt has a lot of potential to implement the World Bank-supported development programs, whether in the formal government sector or at the informal level. Such as non-governmental and non-violent organizations
According to the Dean of the Board of Executive Directors and the Executive Director of the World Bank, the Egyptian economy has already begun to take advantage of economic reforms that are going in the right direction . Promising to maximize their use to serve the national economy and increase the GDP growth rate.
On structural reforms implemented by Egypt, Hbadan pointed out that Egypt has made great strides in drafting legislation that has helped to improve the environment of Egypt. Investment,, Most Important P The Egyptian government has taken effective measures to mitigate the negative effects of economic reform measures, protect low-income groups in social protection programs and provide various forms of support in many vital areas. Such as education, creating more sustainable jobs, vocational training and skill building required by the job market. He praised the great attention given by the Government to the development of the most needy areas, particularly in Upper Egypt.
He stressed that Egypt has all the infrastructure that allow it to become a regional center for trade and trade in energy. Hbadan praised the positive cooperation between the World Bank and the Ministry of Electricity and Renewable Energy in the implementation of energy projects, noting that Egypt is implementing an ambitious plan to maximize the use of new and renewable sources of energy.