Cairo - Mubasher: The Egyptian minister of investment and international cooperation, Sahar Nasr, said that a delegation from the World Bank (WB) and the International Finance Corporation (IFC) will be visiting Cairo next week.
Nasr said in a statement on Wednesday that the delegation will be in Egypt on 12 and 13 March to discuss the economic reforms carried out by the government to improve the investment climate.
The delegation will discuss the annual Doing Business report, Nasr added, stating that the ministry plans to take some measures of noticeable, rapid impact to investors, in order to attract more foreign direct investments (FDI).
The minister also pointed out the importance of the role played by international finance institutions through the exchange of expertise, which contributes to achieving economic prosperity and boosts the rise of the private sector across the country in all fields.
The new investment law is currently being discussed by the House of Representatives, with work undergoing simultaneously on the law’s executive regulations, in order to help remove any obstacles facing national and foreign investors alike, Nasr explained.
